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@ -1,5 +1,4 @@
<pre> <pre>
BIP: 301 BIP: 301
Layer: Consensus (soft fork) Layer: Consensus (soft fork)
Title: Blind Merged Mining (Consensus layer) Title: Blind Merged Mining (Consensus layer)
@ -11,10 +10,8 @@
Type: Standards Track Type: Standards Track
Created: 2019-07-23 Created: 2019-07-23
License: BSD-2-Clause License: BSD-2-Clause
</pre> </pre>
==Abstract== ==Abstract==
@ -27,7 +24,6 @@ Our goal here, is to allow mainchain miners to trustlessly "sell" the act of fin
==Motivation== ==Motivation==
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: 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:
# 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.) # 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.)
@ -38,7 +34,6 @@ BMM addresses both shortcomings.
==Specification== ==Specification==
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. 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.
@ -194,8 +189,6 @@ As a soft fork, older software will continue to operate without modification. As
(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.) (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.)
==Deployment== ==Deployment==
This BIP will be deployed by "version bits" BIP9 with the name "blindmm" and using bit 4. This BIP will be deployed by "version bits" BIP9 with the name "blindmm" and using bit 4.
@ -217,7 +210,6 @@ Also, for interest, see an example sidechain here: https://github.com/drivechain
==References== ==References==
* http://www.drivechain.info/literature/index.html * http://www.drivechain.info/literature/index.html
* http://www.truthcoin.info/blog/blind-merged-mining/ * http://www.truthcoin.info/blog/blind-merged-mining/
* https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-July/014789.html * https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-July/014789.html