Share this article
Mining Giant Foundry Supercharges Bitcoin Layer-2 Rootstock’s Security
The move enhances Rootstock’s security while generating new revenue for Foundry.
Updated Feb 6, 2025, 4:09 p.m. Published Feb 6, 2025, 2:09 p.m. 1 min read
What to know:
- Foundry, the world's largest Bitcoin mining pool, is boosting Rootstock's security to 740 exahashes per second.
- Mining pools that choose to merge mine with Rootstock earn 79% of Rootstock’s transaction fees paid in rBTC.
Foundry, the world’s largest Bitcoin mining pool by hashrate, announced it’s diversifying its operations and bolstering the security Bitcoin layer-2 network Rootstock through merge mining.
Merged mining allows miners to simultaneously mine two or more cryptocurrencies that employ the same hashing algorithm without compromising the overall mining efficiency.
The move injects 200 exahashes per second to bring Rootstock's total to 740 EH/s — roughly 80% of the total computing power currently securing the Bitcoin network — to secure Rootstock transactions.
For Foundry, this represents a new revenue opportunity, as Bitcoin mining pools choosing to merge mine earn 79% of Rootstock’s transaction fees paid in rBTC, while leveraging their existing Bitcoin mining infrastructure.
By merge mining, Foundry enhances Rootstock’s security without additional energy costs, contributing to a more robust and innovative Bitcoin ecosystem. Rootstock is a Bitcoin layer-2 network that leverages the network’s security while bringing in smart contract functionality and Ethereum Virtual Machine compatibility.
CORRECT (Feb. 6, 16:10 UTC): Corrects amount injected by Foundry to 200 EH/s, taking Rootstock's total to 740 EH/s throughout. An earlier version of this story said Foundry added 740 EH/s.
More For You
Crypto has solved tokenization, but not distribution and Prometheum says broker-dealers and RIAs are the key to bringing digital assets into mainstream finance.
What to know:
- Prometheum launched new infrastructure allowing broker-dealers and RIAs to offer tokenized securities and crypto assets through traditional brokerage accounts.
- Aaron Kaplan, co-founder and co-CEO of Prometheum says tokenization has advanced faster than distribution, leaving blockchain-based securities without mainstream investor access.
- The company is betting regulated Wall Street firms will drive...
Top Stories
