Categories: Bitcoin Latest News

Spiral, Braiins Establish Working Group To Develop Bitcoin Mining Protocol

The working group will streamline processes for bitcoin miners looking to upgrade to the Stratum V2 communication protocol that connects miners to the network.

A partnership between bitcoin mining company Braiins and open-source Bitcoin development initiative Spiral is establishing a working group to accelerate the adoption of Stratum V2, per a release sent to Bitcoin Magazine.

The working group contributors will focus on building and sharing tools that make the upgrading to and deployment of Stratum V2 a more streamlined process for miners.

“We are proud to support the world-class bitcoin developers building a universal reference implementation for Stratum V2,” said Steve Lee, lead at Spiral. “Working for industry-wide adoption of the upgraded Stratum protocol is one of the most important developments in improving the decentralization and censorship resistance of Bitcoin’s architecture.”

Stratum V2 is a bitcoin mining communication protocol that serves as an intermediary by connecting miners and their pools to the Bitcoin network. These forms of communication protocols are how miners show their work and are able to collect block rewards.

Today, the working group is releasing a Stratum V2 reference implementation (SRI) for initial testing which will be followed by a more robust version of the same SRI in early November.

The November patch will provide the additional feature of “job negotiation”, which is described as “a feature that represents a historic shift in the censorship-resistant mechanics of Bitcoin mining by replacing a pool’s responsibility of assigning work to miners with the ability for miners to select their own work.”

Jan C?apek, co-founder of Braiins said “Universal standards for running and building Stratum V2 and the efforts of this working group to push the industry forward will provide the momentum Bitcoin needs to finally upgrade from a version of its mining protocol that was built a decade ago.”

The working group includes several veteran Bitcoin developers and is supported by BitMEX, Foundry Galaxy Digital, Spiral and Summer of Bitcoin.

Read More

The working group will streamline processes for bitcoin miners looking to upgrade to the Stratum V2 communication protocol that connects miners to the network.

The working group will streamline processes for bitcoin miners looking to upgrade to the Stratum V2 communication protocol that connects miners to the network.

A partnership between bitcoin mining company Braiins and open-source Bitcoin development initiative Spiral is establishing a working group to accelerate the adoption of Stratum V2, per a release sent to Bitcoin Magazine.

The working group contributors will focus on building and sharing tools that make the upgrading to and deployment of Stratum V2 a more streamlined process for miners.

“We are proud to support the world-class bitcoin developers building a universal reference implementation for Stratum V2,” said Steve Lee, lead at Spiral. “Working for industry-wide adoption of the upgraded Stratum protocol is one of the most important developments in improving the decentralization and censorship resistance of Bitcoin’s architecture.”

Stratum V2 is a bitcoin mining communication protocol that serves as an intermediary by connecting miners and their pools to the Bitcoin network. These forms of communication protocols are how miners show their work and are able to collect block rewards.

Today, the working group is releasing a Stratum V2 reference implementation (SRI) for initial testing which will be followed by a more robust version of the same SRI in early November.

The November patch will provide the additional feature of “job negotiation”, which is described as “a feature that represents a historic shift in the censorship-resistant mechanics of Bitcoin mining by replacing a pool’s responsibility of assigning work to miners with the ability for miners to select their own work.”

Jan C?apek, co-founder of Braiins said “Universal standards for running and building Stratum V2 and the efforts of this working group to push the industry forward will provide the momentum Bitcoin needs to finally upgrade from a version of its mining protocol that was built a decade ago.”

The working group includes several veteran Bitcoin developers and is supported by BitMEX, Foundry Galaxy Digital, Spiral and Summer of Bitcoin.

Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

Bitcoin Won’t Save You—Peter Schiff Says Gold Will Win As Trump Wrecks The Dollar

Gold proponent Peter Schiff hit out at US President Donald Trump’s support for cryptocurrency, calling…

3 hours ago

Warning Signs Flash As Bitcoin Miners Unload At Record Pace

Bitcoin’s run above $120,000 has drawn fresh selling from the very people who dug it…

6 hours ago

Bitcoin Re-Enters Profit Zone As Greed Rises, But Rally To $200,000 Still Possible

Bitcoin reached a new all-time high of $122,838 on July 14, but has since slipped…

7 hours ago

Litecoin Sharp Pullback: Scalping Opportunities Emerge While LTCBTC Seeks Stability

In a recent post on X, CRYPTOWZRD pointed out that Litecoin ended the day on…

18 hours ago

Bitcoin Whale Exchange Transfers Spike As Capital Rotation Begins — Latest Altseason Signal?

Over the past week, the Bitcoin (BTC) market recorded a new all-time high at $123,091…

22 hours ago

Analyst Predicts Bitcoin Price Crash: Rejection From $120K Puts Altcoins At Risk

Bitcoin’s price action has turned somewhat sluggish after its unprecedented climb to a new all-time…

1 day ago