P2Pool V2 Runs on Bitcoin Testnet to Decentralize Mining Control

P2Pool V2 is running on Bitcoin (BTC)'s testnet, with a design that moves verification of mining work and earnings accounting from pool operators to individual nodes. The protocol aims to reduce centralized pool operators' control over transaction selection, share accounting and payouts. Stratum V2 and DATUM focus mainly on decentralizing block-template construction, while P2Pool V2 extends that approach to work verification and earnings accounting. Its design also supports permissionless mining, node-verified share accounting and direct payouts that leave BTC in miners' custody. Tradable mining shares and atomic swaps through Lightning and Ark are planned features. The swaps are intended to help smaller miners receive payments; variable difficulty and reduced losses from orphaned shares are also intended to improve support for them. Share trading and mainnet preparations remain in development.

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