Block Leads $6.2M Investment Round in Ocean Pool
OCEAN Pool, formerly known as Eligius Pool, is undergoing a rebranding and strategic shift in its approach to Bitcoin mining. With a $6.2 million investment led by Jack Dorsey, OCEAN Pool aims to become a prominent non-custodial Bitcoin mining pool that prioritizes transparency and direct payments from the Bitcoin network.
More About Ocean’s Pools
OCEAN Pool stands out in the mining sector by offering a non-custodial solution. This eliminates the need for a central authority to hold and distribute mining rewards, enhancing security and reducing counterparty risk. By aligning with the principles of decentralization and self-sovereignty, OCEAN Pool aims to provide miners with a more direct and transparent compensation process.
Conclusions
OCEAN Pool’s relaunch and Jack Dorsey’s significant investment mark a turning point in Bitcoin mining. With its commitment to transparency and direct payments from the Bitcoin network, OCEAN Pool has the potential to disrupt the traditional custodial model and reshape cryptocurrency mining dynamics for the better.
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