Categories: Bitcoin Latest News

Marathon Launches Slipstream Tech Stack to Process Non-Standard Bitcoin Transactions

Marathon Digital Holdings, the largest publicly traded bitcoin miner by market capitalization, has launched Slipstream, a service for individuals to easily submit complex and non-standard transactions to the Bitcoin network. Slipstream is the first instance of a public bitcoin mining company facilitating direct transaction submission services, made possible by the fact that Marathon operates its own proprietary mining pool, Mara Pool.

According to a press release sent to Bitcoin Magazine, non-standard Bitcoin transactions are often excluded from submission to Bitcoin nodes’ mempools despite their adherence to consensus parameters. These transactions, such as those associated with Ordinals and inscriptions, were already possible, but Slipstream aims to facilitate this process with a user-friendly and formalized process for direct submission.

Marathon CEO Fred Thiel: “While direct transaction submission services exist, most are rudimentary. Slipstream provides sophisticated users with a simple, transparent, and trusted means of adding complex Bitcoin transactions to the blockchain, provided they adhere to Bitcoin’s protocol.”

Thiel also noted the importance of this venture to support innovation and experimentation on Bitcoin: “We believe Slipstream is mutually beneficial for the industry and for our organization, and we look forward to building on this announcement to further assist those who are building on Bitcoin.”

Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

Bitcoin Flash Crash Causes $710 Million In Crypto Long Liquidations

Data shows the cryptocurrency derivatives market has suffered a massive amount of liquidations after the…

15 minutes ago

Bitcoin’s Market at a Crossroads: Are Long-Term Holders Signalling a Correction or a Rally?

The role of Bitcoin long-term holders (LTHs) has again come under the microscope of analysts…

1 hour ago

Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash

The Bitcoin price recently achieved a monumental milestone, crossing the $100,000 threshold for the first…

7 hours ago

The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy

Early in our thinking about the interaction between bitcoin and energy it became obvious to…

11 hours ago

Did Hawk Tuah Crypto Debacle Eclipse Bitcoin’s $100K Moment?

One bitcoin is worth $100,000 — a milestone that has <a href="https://www.coindesk.com/business/2024/12/05/bitcoin-at-100-k-industry-reaction" target="_blank">crypto OGs in…

12 hours ago

Crypto Daybook Americas: It’s Glass Half Full Despite Record Short Bitcoin ETF Volume

By Omkar Godbole (All times ET unless indicated otherwise) You know how it feels when…

15 hours ago