Author: Paul Sztorc 2017-06-22 13:27:25
Published on: 2017-06-22T13:27:25+00:00
In an email exchange between Erik Aronesty and Paul Sztorc, Aronesty proposes the idea of a secure sidechain that issues a mining reward in sidechain tokens, which can be aggregated and redeemed for bitcoins. However, Sztorc expresses concerns regarding the security and economic value of the block in a mining network, stating the correlation between these factors can lead to a self-fulfilling prophecy where users avoid an insecure network causing txn fees to fall towards zero, erasing the network's security. Sztorc recommends merged mining over Aronesty's proposal. Additionally, Aronesty suggests that a drivechain should not have the same POW as Bitcoin to ensure it does not destabilize the main chain and push more power to miners who already have too much power.
Updated on: 2023-06-12T02:12:49.400779+00:00