Post
Topic
Board Bitcoin Discussion
Re: Jack Dorsey wants to decentralize Bitcoin mining with new investment
by
Moneyprism
on 29/11/2023, 20:38:24 UTC
Let us make it not long.

It is about the mining pool to be called Ocean that Jack Dorsey has raised funding for to.

After a mining pool mine a block, the mining pool have the reward before paying miners that join their pool. But with Ocean, the sharing of reward is going to be decentralized in a way not the pool that will first have the coins, but the reward will be shared in a decentralized way.

https://cointelegraph.com/news/jack-dorsey-raise-decentralize

But is this necessary? I am thinking it is a good idea, but what about you people. Is it a good ideas?
Honestly, I still don't understand how the distribution of rewards will work well and how investors will get rewards fairly, it still makes me confused. I will continue to follow Jack Dorsey's plans further.

I will definitely put my money into this project because I believe in Jack Dorsey's reputation, he really pays great attention to the development of Bitcoin and its backers.