How Does the Use of ‘Stratum Protocol’ Relate to Mining Pool Operations?
The Stratum protocol is the communication protocol used between a miner's hardware and the mining pool server. It allows the pool to efficiently distribute mining work (jobs) to individual miners and for the miners to submit their Proof-of-Work shares back to the pool.
Stratum is essential for the operation of modern mining pools, enabling them to coordinate the collective hashrate effectively.
Glossar
Mining Pool
Pool ⎊ The concept of a mining pool, within the cryptocurrency ecosystem, represents a collaborative effort among numerous miners to combine computational resources and share the rewards derived from successfully validating blockchain transactions.
Stratum Protocol
Framework ⎊ The Stratum Protocol, within the context of cryptocurrency derivatives and financial engineering, represents a layered architectural approach to risk management and decentralized exchange (DEX) design, particularly relevant to sustainable finance initiatives.
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.