Bitcoin Mining Software has received its first significant upgrade since 2012

Bitcoin Mining Software has received its first significant upgrade since 2012

The software used for the bitcoin engineering has received the first major upgrade this week since 2012, which will make it more user-friendly because the upgrade has supported work with an unstable Internet connection, as well as improved security algorithms that guarantee that the engineers will receive adequate remuneration for their work.

Bitcoin's block is working on the proof-of-work algorithm. This means that meiners around the world need productive equipment to extract new coins and verify transactions. In addition to the production equipment, bitcoin's engineering is accompanied by the consumption of large amounts of energy and the use of specialized software.

Now, instead of direct access to the Bitcoin Protocol, the vast majority of engineers are operating through the Stratum v1 interim protocol, which facilitates the link between the block, the Miners and the Mining Pools, which combine the computing power of thousands of people around the world, and the Miners use the protocol to provide proof of work and remuneration.

This week, the development coalition announced the launch of a new version of the Stratum v2 protocol. It will take some time to convince the cryptonic community to accept the new protocol, so Spiral, a subsidiary of Black Jack Dorsey's payment company, merged with Braiins' cryptoval company to test and fine-tune open source software before it becomes publicly available.

The head of Spiral Stevie's company told me what it's worth to expect from the upcoming upgrade. Now, as a rule, every miner in a large farm is connected directly to the pool, which results in a high amount of energy consumption. At the same time, Stratum v2 supports the creation of a proxie that combines all available facilities and establishes only one connection to the mining pool. In addition, the new protocol will reduce the amount of data transmitted between the miners and the pools, thus making the production of cryptators more accessible to the inhabitants of remote regions where broadband services are not available.

The current version of the protocol is vulnerable to hackers who are capable of stealing the miner hashrate, which could lead to loss of remuneration. According to Steve Lee, this problem has been solved in Stratum v2, which introduces a standard security mechanism with authentication and encryption for data transmission between the engineers and the pools. At this stage, a test version of the protocol has been released and a more stable version of the protocol is due to appear in November. A wider distribution of the updated protocol is likely to take place next year.