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Tether Redirects Bitcoin Mining Hashrate to OCEAN Protocol in Decentralization Push
In a move aimed at promoting decentralization and reinforcing its commitment to open access, Tether has announced that it will redirect its existing and future Bitcoin hashrate to the OCEAN protocol. This strategic shift is expected to significantly boost OCEAN’s market share in Bitcoin mining.
OCEAN Protocol, an independent mining pool with a strong focus on decentralization and community-driven decision-making, is now set to benefit from Tether’s substantial hashrate contribution. The partnership will utilize OCEAN’s innovative DATUM software across all of its worldwide mining operations. By leveraging this technology, Tether aims to further the accessibility and transparency of Bitcoin infrastructure in regions with limited internet capacity.
As a result, OCEAN’s market share in Bitcoin mining is expected to increase, as it now gains the support of one of the largest stablecoin issuers. The partnership also underscores OCEAN’s commitment to fostering an inclusive and open network by providing equal access to the entire Bitcoin community, regardless of geographical location or other factors.
OCEAN has already made significant strides in this direction, with its DATUM software enabling decentralized mining operations across various geographies.
Source: https://coincentral.com/tether-redirects-bitcoin-mining-hashrate-to-ocean-protocol-in-decentralization-push/
