PANews reported on March 19 that according to Forbes, today, DEMAND (DMND) launched the first Stratum V2 Bitcoin mining pool based on the Stratum Reference Implementation (SRI), after they completed a financing round led by Bitcoin venture capital firm Trammell Venture Partners (TVP). This marks an important step in the decentralization of global Bitcoin mining, giving individual miners more power and gradually getting rid of the current centralized Bitcoin mining pool mining model.

Stratum V2 is an open source effort led by the SRI team and global Bitcoin developers, which returns control of block creation to individual miners instead of mining pools and introduces much-needed security upgrades to the Stratum V1 protocol. By leveraging Stratum V2, DMND also benefits from end-to-end encryption, prevents hashrate hijacking (attackers usurp and redirect miners' hashrate), reduces hashrate waste, improves data transmission efficiency and reduces costs.

DMND has also opened and announced applications on its website for miners to join as launch partners today. Miners who apply to join the pool before March 28 will enjoy 0% fees for the first two months and receive an exclusive two-year founding miner agreement.