TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

The research team at Binance report that halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining

  • Research was conducted by the Binance designated team around merged-mining.
  • They explored known industry examples, and believe that it could provide opportunity to increase mining rewards. 
The research team at Binance report that halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining
Ken ChigboKen ChigboIndependent Analyst

Binance’s research team recently released a noted that detailed the effect of block reward halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining, 

The potential of so-called merged mining to retain the incentives for cryptocurrency participants in mining, Binance Research analyzed. In terms of examples for merged mining, major industry known include; Bitcoin blockchain-parented Namecoin (NMC), Litecoin-merged Dogecoin (DOGE), and Myriadcoin (XMY) which is merged with both LTC and BTC. 

In their latest report, Binance Research did conclude that merged mining could “potentially provide opportunity” to increase mining rewards in the light of future block reward halving scheduled for both Litecoin and Bitcoin. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

Crypto Overview: Bitcoin tops $80,000 as US Treasury fights high yields – AERO, VIRTUAL rally

Crypto Overview: Bitcoin tops $80,000 as US Treasury fights high yields – AERO, VIRTUAL rally

Bitcoin extends gains above $80,000 as broader market risk-on sentiment persists. The scarce asset could extend its rally as the US Treasury combats high yields in the long-dated bond market, with further interventions on the horizon. Aerodrome Finance and Virtuals Protocol emerged as top performers over the last 24 hours.

Ripple and Stellar outlook: Key breakouts could fuel the next rally

Ripple and Stellar outlook: Key breakouts could fuel the next rally

Ripple and Stellar are showing signs of renewed strength after rallying over 53% and 27% in the previous week. Meanwhile, both altcoins are approaching key technical levels on Tuesday that could determine their next move. However, mixed on-chain signals with a slight bearish tilt suggest traders remain cautious amid the recent price gains.

Ethereum Price Forecast: BitMine scoops 32K ETH, hints at further gains

Ethereum Price Forecast: BitMine scoops 32K ETH, hints at further gains

Ethereum treasury company BitMine Immersion Technologies expanded its digital asset holdings last week with another round of acquisitions. The firm purchased 32,447 ETH during the week, lifting its holdings to 5.847 million ETH. That represents its largest purchase since the first week of July.

Strategy raises $2B, pauses Bitcoin purchases

Strategy raises $2B, pauses Bitcoin purchases

Strategy (MSTR) raised more than $2 billion through its latest share sales but did not purchase any Bitcoin during last week, instead allocating part of the proceeds to a newly established USD Cash pool.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.