Bitcoin Mining Pools With 75% of Hashrate Back Open Block Standard
Seven major Bitcoin mining pools representing 75% of the network's hashrate have joined the Stratum V2 working group, a move that decentralizes block construction by allowing individual miners to choose transactions.
Seven of the largest Bitcoin mining pools, collectively controlling 75% of the network's hashrate, have joined the Stratum V2 working group, marking a significant step toward decentralizing block construction.
Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have all signed on to support the open-source protocol, which changes how mining pools communicate with individual miners. The key innovation in Stratum V2 is that it allows miners to construct their own block templates, shifting the power to decide which transactions are included in a block from pool operators to the individual miners. This reduces the risk of censorship or manipulation by large pools. For crypto traders, this development strengthens Bitcoin's core value proposition of decentralization, which historically supports long-term price stability and network resilience. Live crypto prices and charts on NowPrice show how the market is reacting to this structural improvement.
The move comes as Bitcoin's hashrate continues to hit new highs, and the network's security remains robust. Going forward, the adoption of Stratum V2 could reduce the concentration of power among mining pools, a concern that has grown as pools like Foundry alone control over 34% of hashrate. Traders should watch for further pool announcements and any impact on Bitcoin's price dynamics as decentralization improves.