Cryptocurrency exchange KuCoin is rolling out a new mining pool service called KuPool that supports assets such as: dogecoin (Doge), litecoin (LTC) and eventually Bitcoin (BTC), the company announced on Thursday.
KuPool will integrate KuMining capabilities with the company's existing crypto exchanges to provide users with secure mining services within the existing KuCoin ecosystem.
“As a new mining pool service under the KuCoin ecosystem, KuPool stands out from other mining pools through its trust-based, verifiable hashrate mechanism and tight integration with KuCoin and KuMining,” a company spokesperson said. decryption.
“Specifically, KuPool positions 'verifiable hashrate' as a core trust asset and employs an efficient, low-latency, and traceable profit distribution mechanism to ensure that the world's miners receive a fair and auditable reward distribution,” they added.
mining pool Gather a group of independent miners, join resources to increase your chances of winning blocks, and earn token rewards.
KuPool's mining pool service opens with a focus on simplicity and security, allowing access to the mainstream proof of work (PoW) and mining assets such as DOGE, LTC, and BELLS to provide an experience that caters to beginners and professional miners alike.
Support for Bitcoin, the largest crypto asset by market capitalization and most prominent proof-of-work token, is expected to launch soon.
The company created KuPool with trust in mind, a representative said. decryptionsuggesting that it is the differentiating factor that distinguishes the pool from existing options.
“Trust-based mining is more than just a technological innovation, it is an extension and practical embodiment of the brand’s core philosophy,” they said.
“In the context of KuPool, trust-based mining appears as the fundamental support for converting hashrate into a trusted asset. Miners can see their contributions and rewards in real time, reducing information asymmetry. At the same time, the platform integrates multi-layer encryption and compliance standards to ensure the security of assets.”
From a business perspective, the company said a new service will be considered successful when it begins to maintain a high hash rate, or computational power, stable yield, and high user retention.
More broadly, KuPool's mission is to “promote a more equitable global hash rate distribution through openness, transparency, and innovation.”
