Bitcoin mining company GoMining plans to launch a "self-operated payment protocol" to control the settlement network using computing power.

CoinFeed reported on May 5th, citing Forbes, that Bitcoin mining company GoMining announced plans to launch its payment protocol, GoBTC, at the Consensus conference. GoBTC aims to build a Bitcoin payment network "only usable by mining companies" based on its own computing power and block production capabilities. The core logic of this solution is to utilize its own mining pool's block production capacity (approximately 2-4 blocks per day) to package transactions and directly write them to the Bitcoin main chain, achieving instant authorization, on-chain settlement within hours, and reducing merchant fees to approximately 0.2%, significantly lower than Visa and Mastercard's fee range of approximately 1.5%-3.5%.