The initiative aims to accelerate the decentralization process of mining and restore to miners the responsibility of selecting transactions to include in the blocks.
Ocean, the mining pool co-founded by Luke Dashjr, has recently introduced an initiative called ‘Path to Decentralization.’ The goal is to give miners the ability to choose which transactions to include in the blocks by proposing three different block construction policies.
The block template policies
As stated in a tweet, starting today Ocean will offer three policies for block construction, providing miners with three setup options related to the types of transactions to include:
- Ocean Recommended: blocks that mostly contain real financial transactions and few transactions considered spam by the pool (such as Inscriptions);
- Bitcoin Core with the ‘Ordisrespector‘ spam filter;
- Unmodified Bitcoin Core: configuration similar to other pools, with blocks containing spam transactions.
For the first two options, Ocean will maintain its fee promotion at 0%. For the third option, however, a 2% fee will be charged. The fee structure has been designed with the aim of encouraging miners to choose a behavior that can bring long-term benefits to the entire Bitcoin network.
Official statements from Ocean
Global Head of Sales for Ocean, Bitcoin Mechanic added: “Block template construction has become so centralized that we can make significant progress towards improving things simply by providing a glimpse into the future. What OCEAN is offering by giving miners a choice of multiple templates is an unprecedented step in the right direction.”
