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What is BetterHash?

https://d-central.tech/what-is-better... --- https://d-central.tech --- What is BetterHash? Bitcoin mining has faced particular challenges in the past, such as miners losing money and system being attacked by malware. Out of these challenges, there was an urgent need to create a protocol that could safeguard Bitcoin miners and give them independence and control over their mining activities. Currently, miners of Bitcoin lack independence and are operating at the mercies and authority of pool operators. The nodes, block construction, and transactions are all controlled by pool operators. Their ability to control every bitcoin mining operation has given the operators the freedom to determine which transactions to pay and how miners use their hash power. The use of Stratum has controlled certain operations such as running the nodes, selecting transactions, and creating blocks that miners are required to hash. Once miners are done hashing the block, it is sent back to the pool. This control level has granted pool operators more powers and left miners prone to manipulation by the pool operators. What is BetterHash? BetterHash is a mining software alternatively, a mining protocol that helps Bitcoin miners in their mining activities. The essence of decentralization by BetterHash is to allow miners to have control over their mining activities and transactions since these activities are included in the mining blocks. BetterHash also aims to eliminate the position previously occupied by pool operators that were deemed a potential threat and source of attacks. Centralization has presented particular challenges to Bitcoin mining; That is why Corallo came up with BetterHash to change the mining protocol from centralized to decentralized. The main aim of the decentralization was to make Bitcoin mining a process free from control or allegiance to anyone or system—an ultimate tool for Bitcoin miners’ independence. How to lobby miners to use BetterHash Getting every miner to use the decentralized protocol is not that easy since some miners still have preferences for the centralized protocols. The decentralized system is still undergoing numerous changes; hence, it will not be fully adopted instantly. Miners need to use the system; however, because it is still new, the adoption rate could always be low. The pools are not the only challenge to adoption; other challenges should be addressed before the system is fully adopted. BetterHash vs Stratum One significant difference between Stratum and BetterHash is the decentralization and the centralization factor. With BetterHash, miners have their freedom and are independent while in Stratum, pool operators control all the operations, and the miners have no independence. BetterHash has numerous protocols responsible for documentation, security, and decentralization. Computational power, BetterHash allows you to mine from your computer system, whether it is CPU or GPU, with whatever little harsh power the system generates. With BetterHash, forget about the mining fees and the withdrawal fees, all you need is mining hardware, and you are good to go. BetterHash can solve the current woes Bitcoin miners are going through. As much as it may not solve all the challenges instantly, it has the potential for future upgrades and development to meet the needs of Bitcoin miners. It has few flaws meaning that it is robust enough to take on the challenge of centralization presented by pool operators.