DMND (“Demand Pool”) is getting ready to radically rework the Bitcoin mining trade with the launch of the primary Stratum V2-based mining pool.
This innovation presents miners higher management, safety, and transparency, altering the normal system the place pool operators determined which transactions to verify.
Now, miners will have the ability to construct their very own block templates and handle transactions instantly, thus strengthening the decentralization of the Bitcoin community.
A turning level for decentralization and safety in Bitcoin mining due to DMND
Alejandro de la Torre, co-founder and CEO of DMND, emphasizes the necessity to deal with the centralization of mining swimming pools, a difficulty that, in line with him, has plagued the sector for over a decade.
“It’s important that Stratum V2 turns into a actuality,” he states, highlighting how this expertise permits miners to instantly management the block creation course of.
With the debut of the primary mining pool based mostly on Stratum V2, DMND takes a monumental step in the direction of a extra decentralized Bitcoin.
Stratum V2 marks a profound evolution within the mining sector, introducing important enhancements by way of privateness, safety, and autonomy.
In contrast to conventional swimming pools, the place transactions are chosen by operators, Stratum V2 returns this decision-making energy on to the miners, guaranteeing higher equity and transparency.
One of many essential elements of DMND is the implementation of end-to-end encryption. This prevents hashrate hijacking assaults and protects mining operations from potential interferences.
Making the system much more progressive can also be SLICE. That’s, a clear and verifiable cost system, which eliminates hidden charges and ensures truthful compensation for all taking part miners.
Along with the announcement of the launch, DMND confirmed that it efficiently accomplished a funding spherical within the fourth quarter of 2024, led by Trammell Enterprise Companions.
Based on Christopher Calicott, managing director of TVP, the mining pool sector has been characterised for too lengthy by an unclear payment system and extreme centralization.
With the brand new infrastructure provided by DMND, each giant publicly traded operators and impartial miners will have the ability to actively take part within the decentralization of the Bitcoin community.
Having thus full management over the development of the blocks and receiving funds in a extra equitable and clear method.
This initiative not solely enhances the autonomy of the miners, but in addition marks a basic step in strengthening the integrity and safety of the Bitcoin blockchain.
take part within the new period of mining
Miners interested by contributing to the creation of the first Stratum V2 block can submit their software by way of the official DMND web site. Registrations for the launch section will stay open till March 28, 2025, with the deadline set for midnight (PST).
DMND marks the start of a new period for Bitcoin mining, providing a safer, extra clear, and decentralized various for miners of all sizes.
For extra details about the undertaking and its impression within the sector, you may go to their web site and discover some great benefits of Stratum V2 in Bitcoin mining.
