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20min chapter
THE MINING POD: Decentralizing Bitcoin Mining With Bitcoin Mechanic
CoinDesk Podcast Network
Decentralization and Mining Challenges in Bitcoin
This chapter explores the technical intricacies of Bitcoin mining, particularly Stratum protocols, and argues for a miner-centric approach to enhance decentralization. It critically examines the politics of the Bitcoin community, emphasizing the distribution of mining rewards and the risks of centralization. The discussion wraps up with a focus on the growing complexity of Bitcoin transaction outputs and the potential practicality of sidechains like Liquid for efficient transactions.
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Discover
highlights
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