- DEMAND (DMND) has launched the first Stratum V2 Bitcoin mining pool built on the Stratum Reference Implementation (SRI), aiming to decentralize Bitcoin mining.
- Co-founded by Alejandro de la Torre and Filippo Merli, DEMAND addresses mining pool centralization while maximizing miner profits through their innovative SLICE rewards system.
- The Stratum V2 protocol returns block creation control to individual miners rather than pools, offering improved security, encryption, and efficiency compared to Stratum V1.
The first Stratum V2 Bitcoin mining pool built on the Stratum Reference Implementation (SRI) has officially launched today. DEMAND (DMND) unveiled its platform following a successful funding round led by Bitcoin venture capital firm Trammell Venture Partners (TVP), marking a pivotal development in efforts to decentralize Bitcoin’s mining infrastructure.
DEMAND‘s launch represents a direct challenge to the current centralized Bitcoin mining pool model. The platform was established by industry veterans Alejandro de la Torre, who previously served as Vice President at both BTC.com and Poolin, alongside Filippo Merli, the lead developer of the open-source SRI. Their stated mission centers on balancing profit maximization for miners while reinforcing Bitcoin’s fundamental decentralization principles.
“The Bitcoin mining industry has a key problem which I’ve pinpointed over my 10 year career: mining pool centralization,” explained de la Torre, CEO and co-founder of DEMAND, in the company’s announcement.
Industry observers have long noted that the long-term sustainability of Bitcoin requires transitioning toward a more decentralized mining landscape. This transition would need to balance maintaining mining decentralization while ensuring economic viability for miners. The Stratum V2 protocol, jointly developed by the SRI team and global Bitcoin developers, addresses this need by transferring control of block creation from mining pools back to individual miners, while implementing crucial security enhancements over its predecessor, Stratum V1.
Following their solo mining pilot launched in late 2023, DEMAND has actively contributed to testing and building the SRI while developing their innovative mining rewards system called SLICE. This system merges the advantages of Pay Per Last N Share (PPLNS) with Stratum V2’s Job Declaration feature to maximize miner payouts while eliminating hidden fees and avoiding the centralization incentives present in conventional Full Pay Per Share (FPPS) systems.
The implementation of Stratum V2 provides DEMAND with several technological advantages, including end-to-end encryption that protects against hashrate hijacking attacks, reduced hashrate waste, more efficient data transfer protocols, and lower operational costs.
For miners interested in joining the platform, DEMAND has opened applications on their website. Those who apply by March 28 will receive two months of fee-free mining and can secure an exclusive two-year founding miner agreement.
The Bitcoin mining landscape is experiencing significant evolution beyond just DEMAND‘s initiative. Other approaches like OCEAN‘s Decentralized Alternative Templates for Universal Mining (DATUM) are also contributing to what analysts describe as the initial phases of a renaissance in decentralizing global Bitcoin mining.
This development comes at a critical juncture for Bitcoin, coinciding with several milestone events including ETF inflows, discussions around a U.S. government Strategic Bitcoin Reserve (SBR), and increasing adoption of Bitcoin mining for rural electrification projects in Africa. These convergent trends highlight the importance of strengthening Bitcoin’s core properties to ensure its long-term viability as both an asset class and a global monetary network.
DEMAND‘s Stratum V2 pool launch demonstrates that stakeholders within the $1.6 trillion Bitcoin ecosystem continue working to enhance and protect the network not just for current users but for future generations, potentially marking the beginning of a transformative era in Bitcoin mining practices.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Ethereum DEX Volume Drops 34% as ETH Price Struggles Below $2,200
- Theta EdgeCloud Partners with Chung-Ang University for AI Research Advancement
- Analyst Claims Three Argentine Crypto Tokens LIBRA, MILEI, and ARG May Share Common Origin
- Institutional Investors Favor XRP Over Solana, Coinbase-EY Survey Finds
- CME Solana Futures Debut Falls Short of Bitcoin and Ethereum with $12.3 Million in First-Day Volume
