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bip-0301.mediawiki

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<pre>
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BIP: 301
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Layer: Consensus (soft fork)
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Title: Blind Merged Mining (Consensus layer)
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Type: Standards Track
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Created: 2019-07-23
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License: BSD-2-Clause
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</pre>
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==Abstract==
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2017

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==Motivation==
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Regular "Merged-Mining" (MM) allows miners to reuse their hashing work to secure other chains (for example, as in Namecoin). However, traditional MM has two drawbacks:
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# Miners must run a full node of the other chain. (This is because [while miners can effortlessly create the block] miners will not create a valid payment to themselves, unless the block that they MM is a valid one. Therefore, miners must assemble a *valid* block first, then MM it.)
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==Specification==
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Note: This document uses the notation side:\* and main:\* in front of otherwise-ambiguous words (such as "block", "node", or "chain"), to distinguish the mainchain version from its sidechain counterpart. We also use "Simon" to refer to a Sidechain Full Node, and "Mary" to refer to a mainchain miner.
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(As a matter of fact, the only people receiving money here all happen to be miners. So there is less reason than ever to expect compatibility problems.)
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==Deployment==
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This BIP will be deployed by "version bits" BIP9 with the name "blindmm" and using bit 4.
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==References==
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* http://www.drivechain.info/literature/index.html
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* http://www.truthcoin.info/blog/blind-merged-mining/
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* https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-July/014789.html

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