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it does in some sense. look up merged mining. however putting namecoin into bitcoin would have implied major changes for bitcoin (much larger blockchain for ins
by bachback 13y ago
it does in some sense. look up merged mining. however putting namecoin into bitcoin would have implied major changes for bitcoin (much larger blockchain for instance). because namecoin is barely used such an integration would have made not much sense.
- rumcajz 13y agoYes, I am aware of merged mining. While that adds some incentive for miners to mine for namecoins, it's still optional, so it won't help namecoin much unless a lot of people opt-in. Technically, why not piggy-back namecoin on bitcoin. As far as I know there's some kind of 'comment' field in the transaction where you can put arbitrary data.
- bachback 13y agoin the original thread, which I linked above, this possibility was discussed. however it would have meant tying bitcoin to a project which has a lot of uncertainty and is not the core use case. miners/stakeholders have to agree with (major) changes so it's up to them making decisions. so the devs are really very much constrained to the original design. how this will play out is not quite clear. advanced features (payment protocol) are pending for quite a while. technically the integration is easy to do. the namecoin source has very few original lines of code. it is rather a question of consensus I think. Mike Hearn discussed this here: https://medium.com/p/b64cf5912aa7 https://medium.com/p/b64cf5912aa7 "It’s not a bad idea, but it’s not practical for our needs right now because it has no users. "
- wcummings 13y agothe NMC network has some serious hashing power, look it up
- tlrobinson 13y agoAs I understand it, merged mining an altcoin is essentially free money, therefore as mining margins narrow miners will have to merge mine major alts in order to stay competitive.