Curated News
By: NewsRamp Editorial Staff
April 29, 2024
OCEAN Innovates: Bitcoin Miners Offered First-Ever Lightning Payouts Using BOLT12
TLDR
- OCEAN mining pool offers Lightning payouts using BOLT12, giving miners a competitive advantage in receiving non-custodial rewards.
- Lightning network sits on top of Bitcoin, enabling higher throughput of transactions at lower cost, solving scalability problem.
- OCEAN's innovation promotes transparency, decentralization, and miners' sovereignty, making the world of Bitcoin mining more equitable and empowering.
- OCEAN's use of cutting edge Lightning tech BOLT12 revolutionizes Bitcoin mining, offering a new and exciting way for miners to receive rewards.
Impact - Why it Matters
The introduction of OCEAN's latest innovation provides a paradigm shift in what's possible with mining pools, offering transparency, non-custodial mining rewards, permissionless access, and miner-chosen block templates. This development aligns with OCEAN’s overarching goal of increasing miners’ sovereignty while promoting greater transparency and decentralization in the world of Bitcoin mining.
Summary
OCEAN, the Bitcoin mining pool backed by Jack Dorsey and spearheaded by longtime Bitcoin Core developer Luke Dashjr, has released an innovation offering miners payouts over the Bitcoin Lightning network using BOLT12. This cutting-edge technology allows for higher throughput of transactions at lower cost, solving the scalability problem and promoting greater transparency and decentralization in the world of Bitcoin mining.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, OCEAN Innovates: Bitcoin Miners Offered First-Ever Lightning Payouts Using BOLT12
