OCEAN Unveils Decentralized Alternative Templates for Universal Mining (DATUM)
Similar to Stratum V2, DATUM is designed to decentralize block construction by empowering miners to create their own block templates via their own Bitcoin node. Users can mine on pools that offer Datum support or solo mine without needing a third party to set up a server for them.
- OCEAN announced the launch of DATUM (Decentralized Alternative Templates for Universal Mining), a decentralized mining protocol designed to give miners control over block template construction.
"The launch of DATUM is a pivotal moment for the Bitcoin mining community. We’re moving block creation back to the individual miners, just as it was intended in the original whitepaper. With DATUM, we’re ensuring the security and decentralization of the Bitcoin network, safeguarding its future," said Luke Dashjr, Co-founder of OCEAN.
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- The launch of datum is motivated by concerns of large mining pools controlling over 50% of Bitcoin’s hash rate, thus increasing the risk of miner centralization and potential transaction censorship. DATUM aims to decentralize block construction, prevent 51% attacks and keep Bitcoin network free and open.
"DATUM is a leap forward in decentralized mining, making true mining available for everyone with as little friction as possible. It enables miners to be actual solo miners and to do all of the things miners were always intended to do for the Bitcoin network, while still reducing their variance through pooled rewards. The codebase is written in C. It is extremely lightweight and portable so it can easily run alongside a Bitcoin full node," said Jason Hughes, VP of Engineering at OCEAN and author of the DATUM codebase.
- DATUM is currently in closed beta testing. Interested parties can contact OCEAN for information about joining the exclusive beta, or check back on October 18 for information about upcoming public beta release.
- "Continued decentralization and permissionless mining are essential for Bitcoin’s long term health. OCEAN's latest innovation with DATUM makes decentralization easier for modern miners," said OCEAN’s lead investor Jack Dorsey.
