BitMEX Research on Drivechains
"In this piece we evaluate Paul Sztorc’s BIP-300 and BIP-301 Drivechain proposals."
- "We assess the sidechain peg-out system and the benefits of blind merge mining."
- "In particular we discuss some of the Bitcoin mining economic and incentive arguments around sidechains."
- "There are potentially higher mining costs associated with merge mining and the claim that these costs can never contribute to centralisation risks, is somewhat fanciful, in our view."
- "However, a successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset the disadvantages."
