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-decentralizeBut is this necessary? I am thinking it is a good idea, but what about you people. Is it a good ideas?
Ocean mining pool is not a big pool, not belong to biggest mining pool. It was rebranded from Eligius mining pool that is an old pool but never belong to biggest ones.
It can be a good initiative to contribute something for Bitcoin decentralized mining industry but if it is only Ocean mining pool, it will be not enough. Because decentralization, with the term, means about what it is. A single mining pool can not provide decentralization for Bitcoin mining industry.
It can be a good trigger for more mining pools to do the same or to innovate something new and better than what Ocean mining pool is doing. If it becomes a bigger trend, it will help Bitcoin mining industry but now, I see it is not enough effort from Ocean.