Bitcoin Forum
July 22, 2017, 12:41:45 AM *
News: The warning which may be displayed by Bitcoin Core about unknown versions is related to BIP91, and can be safely ignored.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Master Blockchain for merged mining.  (Read 753 times)
remmy
Jr. Member
*
Offline Offline

Activity: 35


View Profile WWW
September 16, 2011, 12:29:16 PM
 #1

Imagine a master blockchain which simply exists to expand every 1 minute, and all the hashing power is dedicated to extending this blockchain.  The only data that gets encoded into this blockchain is the public key of the miner.

The miner who wins the block can then subsequently sign the next block on any chain (and claim the rewards and transaction fees from all coins simultaneously).

What do you think?
1500684105
Hero Member
*
Offline Offline

Posts: 1500684105

View Profile Personal Message (Offline)

Ignore
1500684105
Reply with quote  #2

1500684105
Report to moderator
1500684105
Hero Member
*
Offline Offline

Posts: 1500684105

View Profile Personal Message (Offline)

Ignore
1500684105
Reply with quote  #2

1500684105
Report to moderator
1500684105
Hero Member
*
Offline Offline

Posts: 1500684105

View Profile Personal Message (Offline)

Ignore
1500684105
Reply with quote  #2

1500684105
Report to moderator
Decentralized search
Search for products or services and get paid for it
pre-sale Token CAT
25 July 50% discount
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1500684105
Hero Member
*
Offline Offline

Posts: 1500684105

View Profile Personal Message (Offline)

Ignore
1500684105
Reply with quote  #2

1500684105
Report to moderator
Andrew Vorobyov
Hero Member
*****
Offline Offline

Activity: 565



View Profile
September 17, 2011, 06:14:07 PM
 #2

too early for this kind of interaction...

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!