A coalition of Bitcoin mining pools, representing an impressive 75% of the network's hashrate, has come together to adopt an open standard for block construction. This initiative aims to enhance the efficiency and decentralization of the Bitcoin network, allowing miners to collaborate on how blocks are built and validated. By standardizing block construction, the initiative seeks to streamline operations and improve overall network security. This significant move highlights the growing importance of collaboration within the Bitcoin mining community and reflects a proactive approach to addressing scalability and decentralization challenges in the cryptocurrency ecosystem.
Foundry, AntPool, F2Pool, SpiderPool, and MARA Pool are among seven pools joining the Stratum V2 working group, putting nearly three-quarters of global bitcoin hashrate behind a protocol that returns block construction decisions to individual miners.
Source: CoinDesk
