‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly

Bitcoin mining rig manufacturer Halong Mining has announced its AsicBoost patent has joined the Blockchain Defensive Patent License (BDPL) scheme.
Bitcoin Network Gets ‘Friendly’ AsicBoost
The highly-anticipated move, which challenges existing mining monopoly of competitor Bitmain, could revolutionize Bitcoin mining, with Litecoin creator Charlie Lee describing it as a “huge development.”
Halong’s acquired patent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles last year, the patent representing a way of saving energy while refraining on harming the network.

“Unlike covert forms of merkle grinding, it has no incentives to create smaller blocks, nor does it interfere with upgrades to the Bitcoin protocol,” the company explains in a blog post March 7.
‘It’s Been A Long Road’
BDPL allows other operators in the industry to adopt Halong’s so-called “version-rolling” AsicBoost, provided they also sign up to the scheme.
Slushpool will be the first mining pool to support version-rolling.
“It’s been a long road, but we believe overt version-rolling can create the right incentives for other patent holders in the industry to join the BDPL and …

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