On Monday, publicly listed venture mining firm Marathon Digital Holdings announced that the company had adopted the latest codebase offered by bitcoin core developers that feature Taprot. According to the announcement, the marathon is now signaling for Taprot. North American Bitcoin Miner further revealed that the firm’s mining operation Marpool “will stop filtering transactions.”
Marathon adopts bitcoin core version 0.21.1 with taprot privacy features
The firm Marathon Digital Holdings (Nasdaq: MARA), is making several trading moves into the bitcoin mining sector in 2021. In December 2020, the firm Announced Purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $ 170 million. Last week, Marathon revealed that Compute North’s mining farm in Texas would host 73, 000 of Marathon’s mining rigs. Also, in recent times, Marathon created Headlines To censor specific bitcoin transactions in mining B T c Section Maitha.
At the time, Marathon disclosed to the public that Marapool dedicated 10.37 exhash only to mining KYC/OFAC compliant transactions. However, on 31 May Marathon explained in its taproot signaling Announcement That the bitcoin mining pool will “stop filtering transactions.” The company said that the North American mining pool Marpool “has adopted and implemented bitcoin core version 0.21.1.”
The new 0.21.1 codebase hosts the Taproot feature, in addition to what the developers say will include privacy enhancements, scaling improvements, and other technological advancements.
Marathon CEO Fred Thiel said, “Marathon is committed to the core principles of the bitcoin community, including decentralization, inclusion and uncensored.” The company’s mining pool “will no longer filter transactions” and “will begin validating transactions in line with all other miners using the standard node,” the announcement emphasized.
Thiel said during the announcement, “In the coming week, we will update all our miners to the full standard bitcoin core 0.21.1 node, including support for Taprot.” “By adopting a full standard Bitcoin Core node, we will be validating transactions on the blockchain just like all other miners that use standard nodes,” Marathon CEO said.
Taproot Awaiting Activation
Taprot is in the midst of an “early trial”, an activation mechanism that was introduced on 1 May. Basically miners are dealing with six sub-stages between each difficulty change. During the final hardship change, more than 95% of the miners were indicating taproot activation. Taproot’s actual rule will be followed in November and implemented via soft fork at block height 709,632.
“We look forward to continuing to be an associate and supportive member of the bitcoin community,” further commented Thiel. “And to realize the vision of bitcoin as the first decentralized, peer-to-peer payment network that is operated by its users rather than central authorities or middlemen,” he said.
What do you think about Marathon prompting taproot and detailing that Marapool will stop filtering transactions? Tell us what you think about this topic in the comments section below.
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