Right, but a given amount of hashpower needs to be directed to either a sidechain or the main chain. It can’t be directed to both at the same time. It’s a zero sum game. #Bitcoin #Bip300 #drivechain
Discussion
Not true. If you actually read the bip301Blind merged mining. Let's say 90% of hash is devoted to a single sidechain. That means those miners are being paid in bitcoin, being paid in bitcoin IS network security.
before they ran a seperate node to be paid in that sidechains token, lets say ethereum for example. With BMM bip301 they are paid in bitcoin, which secures the network.
Thanks for your inputs. I need to research this a bit more but to me, being paid in #BTC isn’t the same as securing the main chain with hashpower. I can see how it’s better than being paid with another #crypto but there can still be a hashpower cannibalization effect as far as I understand.
So what do you mean by hashpower ? You mean mining and transaction fees right ?
Because that is how bitcoin works fren.
The longevity of bitcoin security relies on fees, not mining or price per bitcoin reward for mining.
Also read the FAQ, instead of people writing about Drivechain. People writing about DC are often involved in competing projects who stand to lose from becoming irelevant. Good luck.
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