BIPs bitcoin improvement proposals

301 - Blind Merged Mining (Consensus layer)

BIP: 301 source Layer: Consensus (soft fork) Title: Blind Merged Mining (Consensus layer) Author: Paul Sztorc CryptAxe Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0301 Status: Draft Type: Standards Track Created: 2019-07-23 License: BSD-2-Clause Table of ContentsAbstractMotivationNotation and ExampleSpecificationh*BMM AcceptBMM RequestBackward compatibilityDeploymentReference ImplementationReferencesThanksCopyright Abstract Blind Merged Mining (BMM) allows miners to mine a Sidechain/Altcoin, without running its node software (ie, without "looking" at it, hence "blind"). Instead, a separate sidechain user runs their node and constructs the block, paying himself the transaction fees. He then uses an equivalent amount of money to "buy" the right to find this block, from the conventional layer1 Sha256d miners. Motivation "Merged-Mining" (MM) allows miners to reuse their hashing work to secure other chai...

300 - Hashrate Escrows (Consensus layer)

BIP: 300 source Layer: Consensus (soft fork) Title: Hashrate Escrows (Consensus layer) Author: Paul Sztorc CryptAxe Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0300 Status: Draft Type: Standards Track Created: 2017-08-14 License: BSD-2-Clause Post-History: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014364.html Table of ContentsAbstractMotivationSpecificationOverviewD1 (The Sidechain List)D2 (The Withdrawal List)The Six New Bip300 MessagesM1 -- Propose SidechainM2 -- ACK Sidechain ProposalNotes on Withdrawing CoinsWhat are Bundles?Bundle Hash = Blinded TxID of M6M3 -- Propose BundleM4 -- ACK Bundle(s)M5 -- Deposit BTC to SidechainM6 -- Withdraw BTC from a SidechainOP_DRIVECHAINWeight adjustmentsBackward compatibilityDeploymentReference ImplementationReferencesCreditsCopyright Abstract In Bip300, txns are not signed via cryptographic key. Instead, they are "signed" by hashpower, ...