How Does a ‘Stratum Protocol’ Facilitate Communication within a Mining Pool?
The Stratum protocol is the communication layer used between a miner's software and the mining pool server. It efficiently transmits the work template (block header) from the pool to the miner and allows the miner to submit valid partial solutions (shares) back to the pool.
It is designed to be low-latency and handle the massive volume of data required for distributed mining operations.
Glossar
Stratum Protocol
Architecture ⎊ The Stratum Protocol, within the context of cryptocurrency derivatives and options trading, represents a layered communication protocol designed to facilitate efficient and secure interaction between mining hardware and mining pools.
Communication Layer
Interface ⎊ This layer functions as the standardized abstraction point through which disparate blockchain protocols or off-chain services exchange structured information.
Mining Pool
Consensus ⎊ Mining pools represent a collaborative effort among network participants to aggregate computational resources, increasing the probability of successfully mining blocks and earning associated rewards within a Proof-of-Work cryptocurrency system.
Stratum
Layer ⎊ Within cryptocurrency derivatives and options trading, a stratum signifies a distinct hierarchical level or segment within a market structure, often representing a specific price point or liquidity pool.