Mara Pool, the bitcoin mining pool operated by digital asset technology company Marathon Digital Holdings, will update its miners to the latest Bitcoin Core 0.21.1 software to signal the activation of Taproot and stop censoring transactions, according to a Press release.
“Marathon is committed to the core principles of the Bitcoin community, including decentralization, inclusiveness, and non-censorship.” saying Fred Thiel, CEO of Marathon. “Over the next week, we will upgrade all of our miners to the Bitcoin core 0.21.1 full standard node, including support for Taproot. By adopting the Bitcoin core full standard node, we will validate transactions on the blockchain in exactly the same way. like all other miners using the standard node “.
The announcement stands in stark contrast to Marathon’s stock in recent months. At the end of March, the company Announced Its bitcoin mining pool would filter transactions to mine blocks that comply with US regulations, including anti-money laundering (AML) and the Office of Foreign Assets Control (OFAC), effectively censoring transactions. . And earlier this month, the company successfully mined its first “compatible” block.
Thiel then added that “[Marathon] looks forward to continuing to be a supportive and supportive member of the Bitcoin community and to realize the vision of Bitcoin as the first decentralized peer-to-peer payment network that works with its users rather than a central authority or intermediaries, “according to the release.
Taproot is a soft fork for the Bitcoin network that could enhance the privacy and scripting capabilities of Bitcoin. For example, the update could make smart contracts more efficient and private by revealing only the relevant parts of the contract when spending. Additionally, it could improve the privacy of the Lightning Network by making Lightning channels look like regular bitcoin transactions.
The current implementation method of Taproot is called Speedy Trial, a variation of BIP9 versionbits described in BIP341. The process is characterized by miners and mining pools helping to coordinate the deployment of the soft fork by signaling their support on their mined blocks. If 90% of the blocks in a signaling epoch of 2,016 blocks between May and August show support for Taproot, the soft fork is blocked as a Bitcoin protocol update for November.
According to data from Taproot.watch, 240 blocks have been mined in the current signaling era as of this writing – only six have not signaled the activation of Taproot. Therefore, more than 97% of the mined blocks of the current era have signaled their support for the update.
But not all the mined blocks in Mara Pool have signaled the activation of Taproot, which is equivalent to half of the total blocks without signage at this time. However, by updating its miners, Mara Pool could start pointing to Taproot next week, according to the statement, leaving Bitcoiners very optimistic about the activation of the soft fork.
If Mara Pool truly stops censoring transactions and Taproot crashes as a November Bitcoin protocol update, 2021 would go down in Bitcoin history as a vital year for the network, bringing improvements in privacy, fungibility, and capabilities. scripting while laying the groundwork. for more improvements in the future.