BTC203: Bitcoin Mining Decentralization with the Datum Protocol at Ocean Mining w/ Bitcoin Mechanic and Jason Hughes (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
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In this episode, 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 - Intro
02:48 - What a Bitcoin block template is and its role in decentralization.
07:07 - The function and limitations of Stratum V1 software.
09:12 - How Stratum V2 aims to improve mining decentralization and why adoption has been slow.
14:52 - A fascinating story of how Jason Hughes hacked a Tesla in front of its Chief Technology Officer.
21:49 - How the Datum Protocol manages reward distribution among miners with different templates.
22:31 - How Ocean’s Datum Protocol enables decentralized block templates for both small and large miners.
41:36 - The challenges Ocean faces with large miners, especially regarding SOC2 compliance.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Bitcoin Mechanic on X (Twitter)), Nostr).
Jason Hughes on X (Twitter)).
Ocean on Discord.)
Ocean on Nostr).
Related Episode: Decentralizing Bitcoin Mining Pools with Bitcoin Mechanic).
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