Today DMND and Results RootstockLabs announce a new release that aims to improve Bitcoin mining’s decentralized nature. The new feature uses Stratum V2 to help miners building their own template to select and merge contracts from the Rootstock (RSK) sidechain.
Pooling mining is a way that multiple blockchains can share, or “reuse”, the same POW from the same pool. One blockchain, the child chain, creates its own block headers to contain the headers of the parent chain, for example, the hash of the blockchain of the child chain is also included within the parent blockchain (usually during a coinbase transaction), and the programs of the child chain are aware of this, verifying part of the parent chain during the verification of the child chain.
This allows miners of the parent chain to mine multiple blockchains at once by simply merging blockheaders into their coinbase agreement, then mining blocks of the parent blockchain. If it is found for the parent chain, it is also found for all child chains.
The combination of DMND allows miners to claim rewards sidechain in rBTC (Rootstock a bitcoin back token whose reserves are managed by the association using sidechain) directly on the sidechain, without sharing money or an intermediary pool to save.
There is a powerful potential like this to have different effects on internationalizationbut it is a very important thing that will test such questions in the real world.
Alejandro De La Torre, CEO and Co-founder of DMND, said the following: “A miner manages the pooled mining and the miner is paid for pooling the mines. More delegates to manage the miners are our important support in furthering the spread of the Bitcoin ecosystem.”
