Bitcoin vault announced the new partnership with BTC.com according to the new press release that we read more about in our latest Bitcoin news today.
Bitcoin Vault is a crypto project that is focused on security and it recently announced a new partnership with BTC.com. With this new collaboration, BTCV opens its mining and started a controlled decentralization process. BTC.com is one of the well-known mining pools on the market and hosts pools for prime crypto assets like BTC, ETH, Bitcoin Cash, Litecoin, and more. BTCV is the latest addition to the portfolio.
This marks a huge milestone in the BTCV mining expansion and with the new partnership, BTC.com shows trust and faith in the project. It can still encourage the members of the community to explore the BTC vault ecosystem and will enhance the cooperation between the projects. It could also attract other industry players to establish a new partnership and to develop diversification of the mining process.
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For now, BTC.com launched internal mining of Bitcoin Vault the pool will share more details in the near future and will also allow users to join the mining activities. At the end of 2019, Bitcoin Vault joined the crypto industry with a new idea to bring the security aspects to the next level. Back then, the process followed the decentralized version of the cryptocurrency but two months later, it suffered a 51% attack that attempted to overtake the network.
We are thrilled to announce that https://t.co/38N9uRkEEb pool has deployed and started internal BTCV mining，and we will launch BTCV address entry in the near future to facilitate the miners to join rewarding activities.
— BTC.com (@btccom_official) March 31, 2021
The development team decided to protect the network and its early contributors so the final version of the project was to close the mining process. This difficult call was made to avoid the hash wars and to focus on the development of the initial idea as the Chief communications officer Radek Popiel:
“We had to choose: to go into a hash war and defend the blockchain against those attacks or focus purely on coding and delivering what we promised to early adopters. Having the future of the project in mind, it was a pretty simple choice. We centralized and diverted all our resources into code development.”
“We have learned our lesson and, based on that, we will not decentralize overnight. This is just the first step with one of the most respected and reliable partners to join BTCV mining — BTC.COM.”
The partnership with BTC.com is only the start of the long process of releasing the hash rate to achieve complete decentralization.
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