As far as I can tell they'd need to implement a soft fork to make them work.
I'd rather see what we can do with lightning & federations before introducing another change to the base layer. Scaling is important but not at the cost of the base layer credibility. Ordinals was a lesson in the law of unintended consequences.
I'm in favour of Bitcoin ossifying.
ChatGPT 4 seems pretty good for an overview of drive chains.
You can also ask specific questions and then double check the answers with the community.
It gave me a really good list of pros and cons and I also got it to rank and score the pros and cons. It even told me the cons outweighed the pros. 😀
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BIP (Bitcoin Improvement Proposal) 300 and BIP 301 are two related proposals introduced by Paul Sztorc in the context of Bitcoin development. They revolve around the idea of "Drivechain", which is a method to allow sidechains to be interoperated with the main Bitcoin blockchain. Here's a brief overview of each:
1. **BIP 300**: This proposal introduces the idea of "Blind Merged Mining" (BMM). BMM is a mechanism that allows Bitcoin miners to mine sidechain blocks (from different blockchain networks) without knowing the exact rules of that sidechain. The miner's reward is dependent on the main Bitcoin chain, which in turn, is influenced by the sidechain's users.
2. **BIP 301**: This BIP complements BIP 300 by introducing the specifics of the reward and punishment mechanisms for Blind Merged Mining. Essentially, it details how the incentives would work for miners to honestly follow the sidechain rules, even when they don't understand or are blind to them.
The main goal of these BIPs and the Drivechain concept is to extend Bitcoin's capabilities without altering its main protocol. By allowing sidechains, developers can experiment with new features, rules, and ideas, without compromising the security or decentralization of the primary Bitcoin network. However, as of my last training data in September 2021, Bitcoin had not implemented Drivechain or these BIPs.
