RATE Group | BTC and LTC Halving ‘Shock’ May Be Mitigated by Merged Mining: Report
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BTC and LTC Halving ‘Shock’ May Be Mitigated by Merged Mining: Report

13 Jul BTC and LTC Halving ‘Shock’ May Be Mitigated by Merged Mining: Report

Posted at 11:30h in Bitcoin News by

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The effect of block reward halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining, according to a report by a research arm of major crypto exchange Binance released on July 12.

Following Charlie Lee’s prediction that some miners may shut down Litecoin mining after the halving, which is expected to take place on Aug. 5, 2019, Binance Research analyzed the potential of so-called merged mining to retain incentives for crypto miners.

Merged mining is a practice of using the work done for one blockchain, or parent blockchain, on other smaller child blockchains by implementing auxiliary proof-of-work (AuxPoW). To date, there are three major examples of merged mining, including Bitcoin blockchain-parented Namecoin (NMC), Litecoin-merged Dogecoin (DOGE) and Myriadcoin (XMY), which is merged with both LTC and BTC.

In the new report, Binance Research concluded that merged mining could potentially increase mining rewards in the light of future block…

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