One persistent problem in the Bitcoin ecosystem is the centralization of mining, specifically, in the hands of mining pools.
Mining pools are entities through which bitcoin miners combine their computing resources (hash power) to coordinate mining activities. This process provides would-be individual miners with a regular payout of block rewards and transaction fees, as the mining pool rewards miners based on how much hash power they are contributing to the pool, not who was first to find a bitcoin block.
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The idea was proposed by Bitcoin Core contributor Matt Corallo
One persistent problem in […]
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