Marathon Bitcoin mining pool will no longer ‘filter transactions’ – Marapool begins reporting for taproot – Bitcoin News

On Monday, publicly traded mining company Marathon Digital Holdings announced that the company has adopted the latest developer-proposed Bitcoin Core codebase that includes Taproot. Marathon is now reporting for Taproot according to the announcement. The North American bitcoin miner further noted that the company’s mining operation, Marapool, “will stop filtering transactions.”

Marathon adopts Bitcoin Core version 0.21.1 with taproot privacy features

Marathon Digital Holdings (Nasdaq: MARA), made a number of commercial moves in the bitcoin mining industry in 2021. In December 2020, the company announced the purchase of 70,000 Antminer S19 bitcoin miners. to Bitmain for $ 170 million. Last week, Marathon revealed that the Compute North Texas mining farm is home to 73,000 Marathon mining rigs. Additionally, more recently, Marathon has made headlines for censoring specific Bitcoin transactions in a mined BTC block.

At that time, Marathon revealed to the public that Marapool spent 10.37 exahashs on mining KYC / OFAC compliant transactions only. Although, on May 31, Marathon explained in its Taproot signaling announcement that the bitcoin mining pool will “stop filtering transactions.” The company said the North American Marapool mining pool “has adopted and implemented Bitcoin Core version 0.21.1.”

The new 0.21.1 codebase hosts the Taproot feature, an addition that the developers say will add privacy improvements, scaling improvements, and other technical advancements.

“Marathon is committed to upholding the core principles of the Bitcoin community, including decentralization, inclusion and no censorship,” said Fred Thiel, CEO of Marathon. The company’s mining pool “will no longer filter transactions” and “will begin validating transactions in a manner consistent with all other miners using the standard node,” the announcement emphasizes.

“Over the coming week, we will update all of our miners to the full standard Bitcoin core 0.21.1 node, including support for Taproot,” Thiel said during the announcement. “By adopting the full standard Bitcoin central node, we will validate transactions on the blockchain in exactly the same way as all other miners who use the standard node,” added the CEO of Marathon.

Taproot awaits activation

Taproot is in the middle of “Speedy Trial,” an activation mechanism that launched on May 1st. Basically, miners deal with six sub-phases between each change in difficulty. On the last change in difficulty, over 95% of miners were reporting Taproot activating.How to use it ?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Taproot’s current ruleset will be followed in November and enforced via a soft fork at a block height of 709,632.

“We look forward to continuing to be a collaborative and supportive member of the Bitcoin community,” added Thiel. “And to realize Bitcoin’s vision as the first decentralized peer-to-peer payment network powered by its users rather than a central authority or intermediaries,” he added.

What do you think of Marathon reporting Taproot and retailer that Marapool will stop filtering transactions? Let us know what you think of this topic in the comments section below.

Tags in this story

Activate, Activate, Bitcoin, Bitcoin Mining, BTC, BTC Upgrade, Filter Transactions, Fred Thiel, Marapool, Marathon, CEO of Marathon, Marathon Signaling, North American Mining Pool, OFAC Block, Privacy, Taproot, Activation of taproot Speet

Image credits: Shutterstock, Pixabay, Wiki Commons

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