BIPs bitcoin improvement proposals

300 - Hashrate Escrows (Consensus layer)

<pre> BIP: 300 Layer: Consensus (soft fork) Title: Hashrate Escrows (Consensus layer) Author: Paul Sztorc <truthcoin@gmail.com> CryptAxe <cryptaxe@gmail.com> 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 </pre> ==Abstract== A "Hashrate Escrow" is a clearer term for the concept of "locked to an SPV Proof", which is itself a restatement of the phrase "within a sidechain" as described in [https://blockstream.com/sidechains.pdf the 2014 Blockstream whitepaper]. A Hashrate Escrow resembles a 2-of-3 multisig escrow, where the 3rd party (who will arbitrate any disputes) is a decentralized group of people: the dynamic-membership set of Bitcoin Miners. However, the 3rd party does not sign escrow-withdrawal transactions with a private key...

301 - Blind Merged Mining (Consensus layer)

<pre> BIP: 301 Layer: Consensus (soft fork) Title: Blind Merged Mining (Consensus layer) Author: Paul Sztorc <truthcoin@gmail.com> CryptAxe <cryptaxe@gmail.com> 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 </pre> ==Abstract== Blind Merged Mining (BMM) is a way of mining optional extension blocks (ie, "asymmetric sidechains"). BMM produces weak guarantees that the block is valid, for *any* arbitrary set of rules; and yet it does so without requiring miners to actually do any validation on the block whatsoever. BMM actually is a process that spans two or more chains. Here we focus on the modifications to mainchain Bitcoin. For an explanation of the "whole picture", please see [http://www.truthcoin.info/blog/blind-merged-mining/ this post]. Our goal here, is to allow mainchain miners to trustlessly "sell" the act of fin...