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With merged-mining[1], any alt-coin can hijack Bitcoin's security via PoW without any additional mining, see, e.g., Namecoin (which is unfortunately defunct fo
by bdcs 12y ago
With merged-mining[1], any alt-coin can hijack Bitcoin's security via PoW without any additional mining, see, e.g., Namecoin (which is unfortunately defunct for unrelated reasons).
[1] http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work http://bitcoin.stackexchange.com/questions/273/how-does-merg...
- jnbiche 12y agoNamecoin isn't defunct: https://github.com/namecoin/namecoin https://github.com/namecoin/namecoin
- vertex-four 12y agoNamecoin isn't defunct. In fact, it has several developers. The blockchain has been secured since the incident I assume you are talking about, and there's work on numerous things ongoing - a lite client, an implementation of Namecoin as a library, a proxy allowing any program to connect to Namecoin domains. There is an IRC channel at [0], a mailing list, and a website with a wiki and forums at [1]. [0] irc.freenode.net#namecoin [1] http://namecoin.info/ http://namecoin.info/
- gnaritas 12y agoFalse, just because a miner can merge mine doesn't mean they will, you don't automatically get bitcoin's hash power just because your coin can be merge mined.