Bitcoin Mining Decentralization with the DATUM Protocol w/ Bitcoin Mechanic & Jason Hughes (BTC203)
We dive into the technicalities of Bitcoin block templates, the Stratum V1 and V2 protocols, and the innovations brought by Ocean’s Datum Protocol. We also explore a fascinating story of Tesla hacking and the challenges of implementing decentralized mining pools.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 – Intro
00:00:39 – What a Bitcoin block template is and its role in decentralization.
00:06:34 – The function and limitations of Stratum V1 software.
00:08:49 – How Stratum V2 aims to improve mining decentralization and why adoption has been slow.
00:14:03 – A fascinating story of how Jason Hughes hacked a Tesla in front of its Chief Technology Officer.
00:17:39 – How Ocean’s Datum Protocol enables decentralized block templates for both small and large miners.
00:20:46 – How the Datum Protocol manages reward distribution among miners with different templates.
00:44:46 – The challenges Ocean faces with large miners, especially regarding SOC2 compliance.
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▶️ RELATED EPISODES:
– Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic:
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– The Financialization of Bitcoin Blockspace w/ Bob Burnett:
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On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.
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Super happy these guys are active in the space. This is incredibly important and so very under-reported. Great content!
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life.
We have the A team! Thanks Jason and Mechanic. Back to finding some wasted or curtailed electricity.
Are these guys saying we can mine for bitcoin on our nodes without an ASIC machine? If so, can someone point me to the directions on how to implement the strategy?
LOVE THE SHOW…THE MECHANIC IS A HERO TO THE MOVEMENT
Fantastic content. Thank you for the education. Makes me more bullish on Bitcoin's decentralized future.
Thank you so much for this amazing video! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Just watched your video discussing XAI30H and I am very excited about this
Thanks for the advice! Got XAI30H, feeling bullish! 🚀
There are so many opportunity now but I think XAI30H is the best option
Bought XAI30H after watching your video, super excited! 💰
XAI30H is still extremely undervalued
If you guys want the rest of us involved in this decentralization process you need to add a person who is NOT involved in this on your panel because you can't seem to explain this in a way that we can make sense of .. bring your wives or other family members or anyone else with basic BTC knowledge in to make you explain what you are saying in fundamental terms
If you can't explain it simply you probably don't understand it yourselves
Coinbase, OKX and Binance will list XAI30H very soon. We do not have much time left
Appreciate the recommendation! Bought XAI30H, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!
Your video convinced me to invest in XAI30H, expecting 10x gains. Excited for listings!
"My investment portfolios are Bitcoin, ETH and XAI30H "
Great analysis! Got a 10% profit in one week from your last video, OMG!!! Im thinking about investing in XAI30H, DOGE, and SOL. What’s your take on these? XAI30H seems like a strong choice, but I’d love your feedback.
It is very hard to see project which can be used in real life like XAI30H 🥳🥳🥳
Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 10k and made up to 36k as weekly profit I appreciate the help of your channel
🔥💯💪🏾
What's the ideal strategy to take advantage of the current crypto bull market
Thank you for the content!! All we need is the right
advice on how to invest in crypto and we will be set
for life, made $68,000 profit from trading last
month regardless of how bad it gets on the economy