- 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.
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.