Son of a Tech review of GetBlok.io SmartPool

In this article, we will explore the use cases beyond Plasma SubPool contracts, and what it means to become a fully decentralized layer-2 mining platform built on Ergo. 

Calling all Ergonauts, GetBlok.io is looking to support the miners currently mining on our pool. This past week, luck on GetBlok.io mining pool has been very low.   On 01.13.2022, the pool went over 24 hours without finding a block.  This has affected miners, as they normally expect 4-5 blocks per day as rewards.   Additionally, there…

Truly a sad day Since the conception of the SmartPool, it has been our goal to provide a decentralized mining platform for miners alike to be able to contribute and participate in the novel technology of SmartPooling.  As many know the SmartPool requires significant development and infrastructure.  While building value for the end user, the…

GetBlok.io is excited to announce the launch of the Flux SmartPool. This will be the first SmartPool that allows cross chain interoperability. It has been one of our goals to allow multiple chains to utilize our framework to distribute their cross-chain assets fairly through PoW mining. This also enables miners interested in the Flux-ERG token to explore the defi built within both communities (Ergo & Flux).

Currently payments are processed after 20 confirmations from the block find. This is typically less than 1 hr or shortly after 20 confirmations for the block find. The image below shows the different stages and sequences for a found block under GetBlok.io’s SmartPool payment scheme. To help understand how Smart Contracts-based payment processing occurs, the…