Learn Bitcoin is live in Beta - spot an issue or have a suggestion? We'd love to hear it!

BIP 301

Companion to BIP 300, introducing ‘blind merged mining’ so miners can secure drivechains without full involvement.
Share

BIP 301, outlined in BIP-301, complements the drivechain idea by detailing a method for ‘blind merged mining.’ It allows miners to secure multiple sidechains without individually validating them, collecting fees from sidechain transactions in the process.

By decoupling validation from mining, BIP 301 aims to minimize overhead while preserving incentives to keep sidechains honest. Critics, however, question whether blind merged mining might concentrate influence among large mining pools or complicate the fee market. Still, it’s a noteworthy vision for how sidechain-based Bitcoin expansion could evolve.

Key takeaways
Enables miners to earn fees from sidechains without full validation
Pairs with BIP 300’s drivechain concept
Attempts to limit complexity for miners while supporting more chains
Learn Bitcoin visual
Learn how to

Be Your Own Bank

Be Your Own Bank teaches you how to securely store and manage your Bitcoin, giving you full control over your finances. Unlock the power of self-custody and financial sovereignty, so you can confidently operate without intermediaries.

Take the Survey
30 sec
Free
Suggest a Term

Have a term to suggest? Enter it below and help us expand our vocabulary!