OCEAN Innovates: Bitcoin Miners Offered First-Ever Lightning Payouts Using BOLT12

OCEAN, the Bitcoin mining pool backed by Jack Dorsey and led by Bitcoin Core developer Luke Dashjr, has made waves in the cryptocurrency world with its latest innovation. The pool now offers miners payouts over the Bitcoin Lightning network using cutting-edge Lightning tech BOLT12, a move that could revolutionize the way miners receive their rewards.

Traditionally, mining pools have held miners’ bitcoins like a bank, but with the rising cost of on-chain Bitcoin transactions, this model has become unsustainable. OCEAN’s use of Lightning technology allows for faster and cheaper transactions, solving the scalability issue that has plagued Bitcoin for years.

The integration of BOLT12 is a game-changer for OCEAN, as it allows for greater transparency and verifiability in payouts. This technology not only benefits miners by providing direct liquidity into a Lightning channel, but also aligns with OCEAN’s mission of promoting decentralization and transparency in the mining industry.

Since its launch just 5 months ago, OCEAN has already made a significant impact on the mining pool landscape. By offering non-custodial rewards, permissionless access, and now Lightning payouts via BOLT12, OCEAN is empowering miners to take control of their earnings and participate in a more decentralized mining ecosystem.

This latest development from OCEAN underscores the pool’s commitment to innovation and transparency in the world of Bitcoin mining. With the support of industry leaders like Jack Dorsey and Luke Dashjr, OCEAN is poised to continue pushing the boundaries of what’s possible in the world of cryptocurrency mining.

For more information on OCEAN and their latest innovation, visit www.ocean.xyz and follow @ocean_mining on X.