Luke Dashjr has resigned as chairman and chief technology officer of Bitcoin mining pool OCEAN. A hard fork he backs switches on Tuesday to BLAKE2b, a mining algorithm incompatible with existing Bitcoin machines. OCEAN’s hashrate fell 96% in August and Bitcoin (BTC) trades around $77,655, down 0.59% on the day. The community remains divided: critics including Adam Back and David Schwartz reject Dashjr’s decentralization arguments, while the market will determine which chain retains value.
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