14/ Potential problems with such a protocol: - Huge overhead in validation / traffic, as nodes will have a lot of claims to process / propagate
-
-
The commitment is to a set of half-signed lightning payments dependent on the channel in the coinbase, signed by the block creator. So yes it's backed by PoW.
-
Ok. And you said the miner made the commitment *before he started hashing that block*? So does the commitment have any weight before the block has been mined? I'm trying to understand how you prevent the miner from dropping / censoring shares in the payout.
-
No it has no weight before he mines the block. It's a Merkle tree commitment just like the transaction Merkle root used in Bitcoin. It's worthless unless you solve the PoW. But if you solve the PoW without the correct commitment, it's an invalid share and won't get paid.
-
"Invalid" as in Bitcoin full nodes will reject blocks without correct commitment, right? So full nodes need to update their consensus rules to be aware of this payout commitment in the coinbase? Does
#braidpool require a soft/hard fork? -
These are share-chain blocks, so the share-chain will reject blocks without correct commitments. Bitcoin is blissfully unaware this is going on (and doesn't need to be aware).
-
Interesting. What happens if the share-chain reject a block but the main chain accepts it? Don't the main chain rules override the share-chain rules?
-
That's basically what happens with blocks that are not mined by the share-pool, so it's a standard operating situation. That block is then not considered part of the share-chain and when the share-chain wins a block, it will not be paid.
-
Is it possible for a miner who belongs to the share-chain/pool to violate share-chain rules (e.g.: ignore all payout shares but his), but manages to get his block accepted by the main chain anyway? Can he screw the other pool members?
- 9 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

