DEMAND launches a Stratum V2BTC Mining Pool based on the Stratum reference implementation

PANews reported on March 19th that today, DEMAND (DMND) launched the first Stratum V2BTCMining Pool based on the Stratum Reference Implementation (SRI). Earlier, they completed a round of financing led by BTC venture capital company Trammell Venture Partners (TVP). This marks an important step towards global BTCMiningDecentralization, empowering individual Miners with more power and gradually moving away from the current centralized BTCMining PoolMining model. Stratum V2 is an open-source effort led by the SRI team and global BTC developers, which will return control of block creation to individual Miners instead of Mining Pools, and introduce much-needed security upgrades to the Stratum V1 protocol. By leveraging Stratum V2, DMND also benefits from end-to-end encryption, preventing hashrate hijacking (attackers hijack and redirect Miner’s hashrate), reducing hashrate waste, improving data transmission efficiency, and lowering costs. DMND also opened and announced applications on its website for Miners to join as launch partners today. Miners who apply to join the Mining Pool before March 28 will enjoy 0% fees for the first two months and receive an exclusive two-year founding Miner agreement.