Marathon’s Mining Pool, Marapool, to Signal for Taproot in a Change of Heart
The bitcoin mining company, Marathon, is switching its ‘controversial’ compliance mining stance and is planning to integrate Taproot. In an interview earlier this week, CEO Fred Thiel confirmed that his firm’s mining pool, Marapool, will implement the Bitcoin Core 0.21.1 update – validating the transactions in the same way as other miners.
The company had previously stated its mining pools would operate under the “OFAC (Office of Foreign Assets Control) compliant” pool. The North American-based mining pool's switch to OFAC is set to exclude verifying any transactions from addresses that have been sanctioned will remain compliant within the U.S.
Thiel, who joined the company about a month ago, is looking to charter the company in a new direction by stopping the censorship of transactions on its mining pool. He stated Marapool’s desire to “commit to the core tenants of the BTC community,” stating,
“[Marathon] looks forward to continuing being a collaborative and supportive member of the Bitcoin community and to realizing the vision of Bitcoin as the first decentralized, peer-to-peer payment network that is powered by its users rather than a central authority or middlemen.”
In a second attempt to integrate Taproot, which is expected to improve Bitcoin’s scalability and privacy, over 95% of BTC miners currently support it. As of our publish time, Marapool hasn't signaled the switch yet.