Ocean, a Bitcoin mining pool supported by Jack Dorsey, recognizes the effectiveness of screening sequential inscriptions

Ocean, a Bitcoin mining pool supported by Jack Dorsey, recognizes the effectiveness of screening sequential inscriptions


Ocean Bitcoin Mining Pool Filters Ordinal Transactions

Ocean, a Bitcoin mining pool that recently raised $6.2 million in a seed funding round led by former Twitter CEO Jack Dorsey, is currently applying a filter that affects Ordinal-related transactions. The pool is using Knots, a Bitcoin node known for its filtering policies, to exclude certain Bitcoin Ordinal transactions.

Giacomo Zucco, a bitcoiner and participant in the conference where Ocean was relaunched, confirmed that the pool is currently employing various filtering policies to exclude what he referred to as “spam.” He stated that the filtering is done to prevent the creation of templates filled with undesirable content.

Confirmation by Ocean’s Bitcoin Mechanic

Ocean’s Bitcoin Mechanic also acknowledged the filtering of inscription spam, emphasizing that the pool will continue to implement this filtering. They encouraged those who are bothered by this filtering to mine with other pools instead.

Issue Raised by Checksum0

Stay ahead in the crypto world with our newsletter!

Subscribe now for the latest updates, insights, and trends in the cryptocurrency market.

The issue of the filtering was initially raised by checksum0, co-founder and CTO at Pow.re, when he observed that high-value transactions were being excluded, resulting in additional fees. He found that mining with Ocean would cost money due to these exclusions.

Divided Opinions in the Cryptocurrency Community

The discovery of the filtering has divided the cryptocurrency community. Some consider the filtered data as spam and support the measure, while others view it as censorship and reject this behavior. F2Pool, another Bitcoin mining pool, recently faced community backlash after admitting to excluding transactions from OFAC-flagged addresses, ultimately ceasing the practice.

Hot Take: Filtering Practices Spark Controversy in Bitcoin Mining Pools

The recent revelation that Ocean, a Bitcoin mining pool led by Jack Dorsey, is filtering certain ordinal transactions has ignited controversy within the cryptocurrency community. While some argue that this is necessary to combat spam and unfavorable content, others see it as an act of censorship. The issue brings to light the delicate balance between maintaining the integrity of the network and upholding the principles of decentralization. It also raises questions about the extent to which mining pools should have control over transaction inclusion. As the debate continues, it is crucial for mining pool operators to consider the concerns and desires of their users to ensure the long-term success and acceptance of their platforms.

Author – Contributor at | Website

Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!

Email me the hottest Crypto news!

You may also like

Share via
Share via