Bitcoin mining pools with 75% of BTC hashrate join open standard for block construction

Major Bitcoin mining pools, representing 75% of the network's hashrate, have adopted an open standard for block construction known as the Bitcoin Improvement Proposal (BIP) 300. This initiative aims to enhance the efficiency and decentralization of the Bitcoin network by allowing miners to collaborate on block creation. The move is expected to improve transaction processing and reduce centralization risks associated with mining. By standardizing block construction, these pools hope to foster innovation and streamline operations within the Bitcoin ecosystem.

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