Tether will contribute hashrate to Bitcoin’s decentralized mining
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Tether did not communicate the total hash rate contributed.
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Ocean Pool operates under his Datum protocol, and aims to decentralize Bitcoin mining.
The Tether company, the most used Stablecoin station in the digital asset ecosystem, USDT, announced on Monday, April 14 that it will deploy part of its current and future computational power (hashrate) to the Bitcoin Network (BTC) from the Pool Ocean, a platform that aims to strengthen the decentralization of mining of that cryptoactive.
In the statement, Tether has not publicly revealed what his total hashrate capacity dedicated to Bitcoin mining is, which leaves some unknowns about the scope of his contribution. However, the journalist in Bitcoin’s ecosystem and blockspace co -founder, Will Foxley, said in X that Tether has a “huge hashrate, but that many people do not know.”
An initiative that points to decentralization
Tether’s announcement focuses on his decision to join Ocean, a mining pool that advocates, according to his documents, for mining more distributed and resistant to censorship. According to the announcement of the company behind USDT, this collaboration responds to a technical evaluation of several months, after which Tether concluded that Ocean is the most aligned platform with the Bitcoin values.
«As a company committed to financial freedom and open access, we consider that supporting decentralization in Bitcoin mining is essential for the long -term integrity of the network. The implementation of Hashrate in Ocean aligns with our investments in mining and our broader mission of strengthening Bitcoin against centralizing forces, ”said Paolo Ardoino, executive director of Tel.
In addition, Tether explained that he has complemented his mining operations with educational initiatives in Africa. In collaboration with Quidax, a cryptocurrency exchange platform, the USDT station launched at the end of last March a cryptographic literacy program in countries such as Nigeria and Ghana, with the aim of equipping people with tools to access digital assets. This combination of mining and educational initiatives suggests an integral approach to promote the adoption of cryptocurrencies and digital resilience in Africa.
However, Tether has not publicly revealed specific details about his total hashrate capacity in Africa or about the exact locations of his mining operations in that region.
For his part, Bitcoiner developer Luke Dashjr, leader of Ocean, said that “Tether’s participation is a clear sign that decentralization remains a central priority for the future of Bitcoin.” He added that this support validates the value of open and censorship resistant mining protocols, a key aspect to protect the distributed nature of the network.
In recent years, Bitcoin Mining has seen how the computing power offered to this network has been centralized in large mining companies, such as Mara Holdings (Mara), Cleanspark (CLSK), and Pools such as Foundry USA, Antpool or F2pool.
Technical Context of Mining in Ocean
Although there are other pools that implement protocols to promote greater decentralization in the current Bitcoin mining, such as Demand Pool with Stratum V2, which uses functions such as “work negotiation” to allow miners to choose the transactions that form their block templates, Datum would provide a distinctive advantage for individual miners.
Pool Ocean uses the Datum protocol, which Tether described as “the most aligned software with the spirit of decentralization of Bitcoin.” Datum, whose acronym in Spanish means autonomous decentralization for the unification of miners, is the technological protocol on which Ocean is based to operate.
With that protocol, as Cryptonotics explained above, the miners select the transactions to build their own blocks and transmit them directly to the network from His own Bitcoin nodeswithout pool intervention. Instead of depending on the decisions of a centralized operator, that system aims to reduce the risk of censorship and encourages greater autonomy for users.
Additionally, by eliminating that Pool intervention, Ocean, through Datum, would also offer lower levels of latency When transmitting blocks and greater control over their privacy. This increased privacy is due to the fact that Miners only share the Merkle branch of its transactions with the pool and not the complete transactions. The Merkle branch is a data structure that allows verifying the integrity of a data set without revealing its content.
Giv Zanganeh, Vice President of Mining and Energy of Tether, explained that the decision to join Ocean was taken after an exhaustive technical evaluation. According to Zanganeh, the Datum protocol and Ocean practices offer a framework that not only reinforces decentralization, but also guarantees greater transparency in the distribution of rewards.
