P2Pool V2 is developing a decentralized Bitcoin mining protocol aimed at eliminating control by mining pool operators

Odaily reports: Bitcoin News posted on X platform that P2Pool V2 is developing an open-source mining protocol aimed at eliminating centralized mining pool operators' control over transaction selection, share accounting, and payouts. Unlike Stratum V2 and DATUM, which primarily decentralize block template construction, P2Pool V2 allows each node to independently verify miners' work and earnings, and supports permissionless mining, node-verified decentralized share accounting, and direct Bitcoin payouts to miners with self-custody. The protocol also plans to support tradable mining shares and help small miners receive payments through atomic swaps on Lightning and Ark; variable difficulty and reduced orphan block share losses are also designed to improve support for small miners. The protocol is currently running on the Bitcoin testnet, with share trading and mainnet launch preparations still under development.