Privacy and financial freedom are two important structures of the cryptocurrency industry. A prominent Ethereum mining pool, Ethermine announced the Ethermine Private RPC endpoint. According to the official announcement, the mining pool added the latest feature Private Remote Procedure Call Endpoint for Ethereum [ETH] mainnet to its toolkit.
Notably, the latest data from Poolwatch.io. reveal that Ethermine’s mining power makes up 25% of Ethereum’s global hash rate. It currently produces 171.6 TH/s with over 313k miners.
Besides, Ethermine’s tweet regarding the same read,
“Want to keep your dex trades away from the public mempool? We are proud to announce the Ethermine Private RPC endpoint. Simply add the RPC to your Metamask & send your transaction privately to our mining nodes, bypassing the public mempool!”
What’s in store for Ethereum [ETH] users?
The feature will enable Ethereum users to send transactions directly to Ethermine nodes. The said transactions, however, will not be exposed to the public mempool. In short, transactions sent via transaction Ethermine private tx endpoint will remain private until it has been included in an Ethereum block mined by the pool. It is also important to note that if the block becomes an uncle, the transaction will be exposed back to the public mempool. But the risk for a block becoming an uncle is approximately 5%.
The Austria-based pool also asserted that it will never leak nor act on the information received with the help of this relay, and also claimed to have committed to adhering to Flashbots Fair Market Principles. It also revealed that the Private RPC Endpoint has already been added into mainstream Ethereum [ETH] wallet Metamask.
The new feature is particularly helpful for high-profile market participants that can strengthen the privacy and security of their trading strategies as well as activity.
To send a transaction via the novel method, a user should choose “Custom RPC” in Metamask and set up Ethermine’s data endpoint.
Interestingly, the latest news from Ethermine comes just days after Sparkpool, which happens to be the second-largest Ethereum mining pool in the world, announced shutting its operations due to the increased Chinese crackdown on crypto.