Thursday, June 7, 2018

Beyond Stratum - What impact will the BetterHash protocol have on cryptocurrency mining?

Colleagues, Matt Corallo from Bitcoin Core goal is to replace the existing Stratum mining protocol with a new system which divides payouts and block construction – Pool and Work. The stratum overlay protocol was extended to support pooled mining as a replacement for obsolete getwork protocol in late 2012. The mining service specification was initially announced via Slush's pool's website.  Shortly thereafter, alternative "cheat sheet" style documentation was provided by BTCGuild. Bottom line question: Can a new protocol such as BetterHash deliver both decentralization and scalability in crypto mining? Share a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

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