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January 24, 2014, 08:46:18 AM |
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Are miners choosing individual chains to mine on, or are they merged mined? If the former, you just made any single chain 1000 times easier to attack. This could in turn lead to fungibility issues. If the latter, then you haven't made Bitcoin any more scalable for (full node running) miners, which is what's most important.
Also, in order to be able to accept coins from parallel chains, you'd at least need to keep track of all of their block headers. With 1000 chains, that's about 350MB per month - too much for smart phone clients to have to deal with.
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