Oldest Bitcoin Mining Pool Releases Details On New Stratum V2 Specifications

Mining is a vital part of the Bitcoin network and most people who work on mining pools know this pretty well. It is because of this understanding that everyone was paying attention when Slush Pool, known as the first Bitcoin mining pool ever, released their specifications for its new protocol.

Formerly known as Bitcoin Pooled Mining Server, Slush Pool was founded nine years ago and it was the first BTC mining pool to appear in the market. Now, the organization has just released its newest mining protocol: Stratum V2, which was created by Braiins Systems.

The new protocol brings several upgrades for the people who use the pool. One of them is aimed to diminish the consumption of bandwidth, while another reduces the CPU load. Now, this version of the protocol will have a robust encryption system that will make it harder for any hackers to interfere with mining. Other updates are related to decentralization and aim to improve it.

Apart from all of this, one of the main advantages of the new protocol is known as “light mining”, which is a header-only version of mining that allows someone to sacrifice some flexibility to mine with older hardware. It is a good idea for people who do not possess the money to keep buying expensive mining rigs.

If you want to give your opinion about Stratum V2, you can do it. The launch is currently subject to public debate and people can freely contact the company to give their opinions on the quality of the new upgrade.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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