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Jack Dorsey’s Square plans to build an open-source Bitcoin mining system
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American finserv Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey.
Dorsey shared a series of tweets explaining his intent to follow a collaborative approach in further decentralizing Bitcoin mining. He said:
Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” Moreover, Square’s system aims to deliver energy-efficient mining solutions by innovation in silicon, software, and integration.
The initiative will be led by Jesse Dorogusker, Square’s hardware lead, who previously helped launch Square hardware wallet and custody service. According to
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