OCEAN, a Bitcoin mining pool backed by Jack Dorsey, has updated its mining software to exclude Bitcoin ordinals transactions from the blocks it generates. Ordinals is a protocol for issuing NFTs and alternative tokens on the Bitcoin network. Luke Dashjr, OCEAN CTO and Bitcoin core developer, believes that ordinals are exploiting a vulnerability in Bitcoin Core and has fixed this issue in OCEAN's latest upgrade. However, the exclusion of ordinals transactions may affect OCEAN's ability to attract mining businesses due to the lack of high transaction fees. Despite this, OCEAN sees its decision as an opportunity to offer honest miners the option to contribute towards blocks with real transactions. OCEAN aims to decentralize the highly concentrated mining industry and charges 0% fees. Currently, just two Bitcoin mining pools dominate over 50% of Bitcoin's total hash rate.
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