Bitcoin Core to Launch Alternative Mining Protocol

'The miners are now the miners again', Matt Corallo, Bitcoin Core developer says
04 July 2018   1330

The developer of Bitcoin Core, Matt Corallo launched a new protocol 'BetterHash' to enhance the decentralization of mining. This is reported by Bitcoinist.

The protocol provides an opportunity to use its own block templates. The miners will continue to pay pools and interact with them, but the owners of the pools will not be able to control them.

This protocol is designed to allow users to run their own full node if they want to… they can build their own templates, select their own transactions (not censor transactions), choose which block they’re mining on to prevent a 51% attack or a selfish mining attack. The miners are now the miners again, rather than the miners being the pools.
 

Matt Corallo
Developer, Bitcoin Core

The protocol configuration differs from the main bitcoin pools, such as Bitmain and Antpool, which use the Stratum protocol, the protocol most popular among the miners.

Over Stratum you get the block templates, you get information about how to build the coinbase and also information representing all of the transactions in the block. This means that end user miners have largely no control over what they’re mining on.
 

Matt Corallo
Developer, Bitcoin Core

The fears of crypto community continue to grow due to the impact of large mining pools. In particular, the leading manufacturer of mining equipment Bitmain currently controls about 42% of the hashrate, and its share continues to grow to new record highs.

Bitmain may soon gain control over 51% of the bitcoin hash network. This will be possible if the ViaBTC mining pool, with a capacity of 9% of the total network hash, will join Bitmain.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   142

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.