‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly
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‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly

THELOGICALINDIAN - Bitcoin mining rig architect Halong Mining has appear its AsicBoost apparent has abutting the Blockchain Defensive Apparent License BDPL scheme

The highly-anticipated move, which challenges absolute mining cartel of adversary Bitmain, could accommodate Bitcoin mining, with Litecoin architect Charlie Lee describing it as a “huge development.”

Halong’s acquired apparent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles aftermost year, the apparent apery a way of extenuative activity while abnegation on harming the network.

“Unlike buried forms of merkle grinding, it has no incentives to actualize abate blocks, nor does it baffle with upgrades to the Bitcoin protocol,” the aggregation explains in a blog post March 7.

BDPL allows added operators in the industry to accept Halong’s alleged “version-rolling” AsicBoost, provided they additionally assurance up to the scheme.

Slushpool will be the aboriginal mining basin to abutment version-rolling.

“It’s been a continued road, but we accept apparent version-rolling can actualize the appropriate incentives for added apparent holders in the industry to accompany the BDPL and actualize a strong, arresting basin of patents in barter for admission to the technology for activity able access of the Bitcoin mining process,” the blog column continues.

Bitcoinist ahead reported on how the DragonMint miner offered added advantages over Bitmain’s Antminer in agreement of actuality both cheaper and added powerful.

As Lee mentions on Twitter meanwhile, the appearance of SegWit abutment by Bitcoin Core and above businesses aftermost ages additionally ran in battle to Bitmain’s interests, the technology advancement blocking opportunities to run buried AsicBoost.

What do you anticipate about this development in Bitcoin mining? Let us apperceive in the comments below!

Images address of Shutterstock, Halongmining