In this news:
Demand Website home page
Demand (DMND)
Today, DEMAND (DMND) launched the first Stratum V2 Bitcoin mining pool built on the Stratum Reference Implementation (SRI), following their funding round led by Bitcoin VC Trammell Venture Partners (TVP).
It marks a significant push toward decentralizing global Bitcoin mining, empowering individual miners, and moving away from the current centralized Bitcoin pooled mining model.
DEMAND [Bitcoin Mining Decentralization]
Founded by Alejandro de la Torre, former Vice President of and Poolin, and Filippo Merli, lead developer of the open-source SRI, Demand (DMND), the first Stratum V2 Bitcoin mining pool, is on a mission to "maximize miner profits while reinforcing Bitcoin's decentralization."
As Alejandro de la Torre, DMND co-founder and CEO, highlighted in their press release, "The Bitcoin mining industry has a key problem which I've pinpointed over my 10 year career: mining pool centralization."
To this end, it is essential for the long-term health and vitality of Bitcoin for the mining ecosystem to begin the long transition towards a decentralized landscape that holistically balances, maintaining mining decentralization and economic sustainability for miners.
A critical component of this transition is the continued development and adoption of Stratum V2, an open-source effort jointly led by the SRI team and Bitcoin developers from around the world, which gives control of creating blocks back to individual miners instead of pools—and introduces much-needed security upgrades over the Stratum V1 protocol.
.png)
