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:
– How Decentralized is Bitcoin Mining w/ Harry Sudock:
– The Financialization of Bitcoin Blockspace w/ Bob Burnett:
– AI Compute with Bitcoin Mining w/ Andrew Edstrom & Jesse Myers:
– Home Heating and Bitcoin Mining w/ Alex Busarov:
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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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