Tether will start deploying its Bitcoin hashrate on the OCEAN mining protocol, it said, in a bid to promote a more decentralized and transparent mining system.
Developed by Bitcoin Core developer Luke Dashjr, the protocol permits miners to create their block templates, thereby removing the need for intermediaries and the risk of censorship.
Tether will utilize its Tether Energy project to link decentralized power supplies directly to the mining system. This will encompass areas of sparse infrastructure, including areas of Africa.
In its view, this rollout makes the resilience of Bitcoin more robust while opening up new areas of operation in mining.
Paolo Ardoino, CEO of Tether, declared that decentralization is the future of the health of Bitcoin. He expressed, “Deploying hashrate to OCEAN aligns with our vision for open financial systems.”
Tether will implement the OCEAN’s DATUM Gateway software at all of its mining facilities. DATUM is specifically set up to operate at high levels of productivity even in low-bandwidth internet regions.
This makes it possible for Tether to operate effectively in underserved and remote areas and ensures the security and stability of processes in mining.
Tether supports open-source tools for bitcoin mining
However, Tether’s Vice President of Mining & Energy, Giv Zanganeh, explained that the decision came after a thorough technical analysis. “We view DATUM as the optimal solution to enable decentralized mining,” he added. “Its adaptable architecture allows us to remain connected and competitive, even in areas of low resources.”
OCEAN’s leadership received the news enthusiastically. Luke Dashjr, chairman and CTO of the company, said Tether’s participation validates the significance of decentralization. “This indicates the Bitcoin ecosystem still believes in its foundational values,” he said. OCEAN President Mark Artymko agreed and added that the partnership indicates a common mission of inclusion in finance.
This program is also in support of Tether’s continuous growth in Africa. Tether recently allied itself with Quidax to encourage cryptocurrency education in both Nigeria and surrounding nations.
Tether seeks to create digital resilience and economically empower populations through the provision of mining operations and education initiatives.
Tether is aiding decentralized mining by facilitating it using open-source tools and innovation in energy, thereby creating the future of the infrastructure of Bitcoin.
Nonetheless, the step indicates increased efforts towards making the mining of Bitcoin more transparent, inclusive, and geographically dispersed.
