⚙️ @LithosProtocol is working on developing a way to fully decentralize collateralized #mining pools.

The Lithos Protocol team seeks “...to create the contracts needed to support collateralization by third parties, in a way which allows for miners to select their collateral, while at the same time supporting novel concepts in #PoW, such as PoW-#DeFi and Fair Initial Mining Offerings.”

This gives #miners more transparency and hopefully no longer have to worry about the possibility of mining pools cheating them out of shares and payments. Share and payment data will be processed and stored on the Ergo #blockchain instead of a pool operator's centralized database.

Find out more 👉 https://bit.ly/42etIWj