Curated News
By: NewsRamp Editorial Staff
September 29, 2024
OCEAN Launches DATUM Protocol to Restore Bitcoin Mining Decentralization
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- DATUM allows individual miners to construct their own block templates, preventing dominance by large pools and ensuring consistent rewards.
- DATUM is a decentralized mining protocol that empowers individual miners to control block template construction, enhancing security and decentralization.
- DATUM helps safeguard the future of Bitcoin by preventing 51% attacks and ensuring a free and open system through decentralized block construction.
- OCEAN's DATUM revolutionizes Bitcoin mining by restoring individual miner control and preventing centralization threats, ensuring a secure and sustainable mining ecosystem.
Impact - Why it Matters
The launch of DATUM is a pivotal moment for the Bitcoin mining community, ensuring the security and decentralization of the Bitcoin network, safeguarding its future. With large pools now controlling more than 50% of Bitcoin’s hash rate, the network faces a serious centralization risk. This raises the possibility of transaction censorship, weakening the very foundation of Bitcoin. DATUM provides a solution by decentralizing block construction, helping to prevent 51% attacks and ensuring Bitcoin remains a free and open system.
Summary
OCEAN, a leader in Bitcoin mining-pool innovation, has launched DATUM (Decentralized Alternative Templates for Universal Mining), a revolutionary decentralized mining protocol designed to restore the original ethos of Bitcoin mining. DATUM empowers miners to reclaim control over block template construction, ensuring the Bitcoin network remains secure, decentralized, and resistant to centralization threats such as financial censorship. This is a pivotal moment for the Bitcoin mining community, moving block creation back to individual miners, safeguarding the network's security and decentralization.
With large pools now controlling more than 50% of Bitcoin’s hash rate, the network faces a serious centralization risk. This raises the possibility of transaction censorship, weakening the very foundation of Bitcoin. DATUM provides a solution by decentralizing block construction, helping to prevent 51% attacks and ensuring Bitcoin remains a free and open system. This launch marks a significant step towards preserving Bitcoin's original principles and creating a secure, sustainable, and decentralized mining ecosystem.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, OCEAN Launches DATUM Protocol to Restore Bitcoin Mining Decentralization
