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Braidpool: Looks like Gavin & I_U's "weak blocks" proposal is finally being realized in the form of a new mining pool concept!
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Braidpool aims to be a new, fully-decentralized mining pool

https://github.com/braidpool/braidpool

The pooling concept is based on the weak blocks/strong blocks concept that AFAIR was introduced around ten years ago by Gavin Andresen and which has been championed for some time in our community by /u/imaginary_username

This is a really interesting breakthrough and one wonders immediately -- if successful, could it be somehow baked into the protocol in the future for guaranteed decentralized mining?

Cool stuff here. Discuss!

Edit: tasty side note -- the concept of weakblocks was originally proposed years ago as a way to do super fast txn confirmation for retail. So merchants could choose to look at the weakblock templates produced by braidpool as a kind of "light confirmation". Ironically, this would be useless on a settlement-layer Bitcoin (BTC) where confirmations are required due to RBF etc; but could still work on a BCH pool where transactions are still guaranteed to confirm once seen. I have to laugh that this weakblock pool tech probably benefits BCH more than BTC.

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11 months ago