DEMAND has launched the first Stratum V2 Bitcoin mining pool, aiming to decentralize Bitcoin mining and empower independent miners.

This new pool is built on Stratum V2, a protocol developed by the SRI team and global Bitcoin developers, which allows individual miners to create blocks and provides security enhancements over the previous Stratum V1.

The launch follows a successful funding round led by Trammell Venture Partners, addressing the centralization issues that have plagued the Bitcoin mining industry.

Christopher Calicott, managing director of Trammell Venture Partners, emphasized that DMND will promote transparency and fairness in payments to all mining participants, furthering decentralization.

Alejandro de la Torre, co-founder and CEO of DMND, highlighted the necessity of transitioning to a decentralized mining landscape for Bitcoin's long-term health.

Miners can apply to join DEMAND's mining pool by March 28, 2025, to benefit from 0% fees for the first two months and a special two-year founding miner agreement.

The implementation of Stratum V2 and the SLICE payout system aims to resolve longstanding issues of opaque fee structures and centralized block construction in the mining industry.

Mining operators are encouraged to apply to contribute to the first Stratum V2 block through DMND's website, with applications closing on March 28, 2025.

DMND is dedicated to creating a fair and profitable mining landscape for all miners, from small operators to large companies.

DEMAND's mining pool features end-to-end encryption to prevent hashrate hijacking and utilizes a unique payout system called SLICE, which maximizes miner payouts and eliminates hidden fees.

Stratum V2 offers advantages such as end-to-end encryption, protection against hashrate hijacking, and reduced operational costs for miners.

Trammell Venture Partners, which led DMND's venture capital financing in late 2024, focuses on investing in technical companies, particularly those developing Bitcoin-native technologies.