P2Pool V2 Develops Decentralized Bitcoin Mining Protocol

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. This protocol allows each node to independently verify the work and earnings of miners, supports permissionless mining, decentralized share accounting validated by nodes, and enables direct payments to miners who self-host their Bitcoin. P2Pool V2 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 losses are also intended to improve support for small miners. Currently, the protocol is running on the Bitcoin testnet, while share trading and mainnet launch preparations are still under development.

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