We Study Billionaires - The Investors Podcast

BTC203: Bitcoin Mining Decentralization with the Datum Protocol at Ocean Mining w/ Bitcoin Mechanic and Jason Hughes (Bitcoin Podcast)

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Sinopse

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