by VzxPLnHqr

Hi everyone,

I have been thinking about this topic for a while and wanted to share it here for discussion.

TL;DR: I wonder if there is some under-investigated territory where we can have efficient decentralized mining pools networks and use these networks as testing beds for new features. No mainchain changes required.

Feedback very welcome!

p2share

A p2share network is a distributed bitcoin mining pool network with transferrable rewards (shares).

A mining pool which is actually a network of its own.

Imagine a bitcoin mining pool network that operates very similarly to bitcoin itself:

• The network has its own consensus rules and “full nodes” which set and enforce the rules.
• The network rewards miners with “shares” when they create a valid block.
• Shares are transferrable among network participants (shareholders).
• Additional consensus rules, with different or experimental features, may also be in place.
  • For example, the network might use a mechanism like sighash_anyprevout, op_cat, or other covenant tools.
  • The network might have adjusted block size limits.
  • It may even support confidential transactions.
• Most importantly, when the network mines a valid mainchain bitcoin block, the entire bitcoin reward is assigned to a single, randomly selected shareholder.
  • Rather than distributing rewards to everyone (or using a centralized service), the coinbase output is constructed to pay out to the one eligible share.
  • This design keeps the bitcoin coinbase output compact, reducing transaction bloat and maximizing revenue from fee-paying bitcoin transactions.

...read more at delvingbitcoin.org