Mining pools controlling 75% of the bitcoin network's hash power collectively adopt open block construction standards

Jinse Finance reported that on May 11, the world’s seven largest Bitcoin mining pools agreed to adopt the Stratum V2 protocol, collectively representing nearly 75% of the total network hashrate. This is regarded as the biggest decentralization shift in the Bitcoin mining sector in recent years. Stratum V2 allows individual miners, rather than pool operators, to decide which transactions are included in new blocks, addressing longstanding concerns about excessively centralized transaction selection. This move comes at a time when miners are facing a challenging operating environment. It is estimated that about 20% of miners are currently operating at a loss, while network difficulty and total hashrate continue to rise.