P2Pool V2 develops a decentralized Bitcoin mining protocol: aimed at eliminating the control of mining pool operators

Bitcoin News posted on the X platform that P2Pool V2 is developing an open-source mining protocol aimed at eliminating the control of centralized mining pool operators over transaction selection, share accounting, and payments.

Unlike Stratum V2 and DATUM, which primarily focus on decentralized block template construction, P2Pool V2 allows each node to independently verify the work and earnings of miners, supports permissionless mining, decentralized share accounting validated by nodes, and direct payments to miners who self-host their Bitcoin. The protocol also plans to support tradable mining shares and assist small miners in receiving payments through atomic swaps on Lightning and Ark; variable difficulty and reduced orphan share loss are also aimed at improving support for small miners. Currently, the protocol is running on the Bitcoin testnet, and share trading and mainnet launch preparations are still in development.