What does merged mining say (merged mining protocol)?

What does merged mining say? What does merged mining mean?

Merged mining divides Bitcoin into two parts: one is the proof of stake (PoS) of the main chain, and the other is the side chain. Essentially, the implementation of the consensus protocol is completely different from Ethereum. Merged mining packs all assets into blocks in the consensus mechanism, giving Bitcoin network a greater advantage in terms of security.

With the continuous development of the Bitcoin blockchain and the increasingly perfect Ethereum ecosystem, each node on the Bitcoin network should have its own consensus algorithm to ensure that its decentralization, security, scalability, and other characteristics will not be compromised by attackers. According to the Bitcoin Foundation’s “2018 Consensus Research Report,” the Bitcoin blockchain has already achieved three stages: the first stage is proof of work (PoW), which is the validation of transactions across the network; the second stage is zero-knowledge proofs (zkSNARK); the third stage involves a redesign of the entire network to effectively protect miners from malicious 51% attacks. After the merge, either party can join the new consensus and eventually become a “miner.”

Union Mining Protocol

Recently, the decentralized protocol PoolTogether announced the official launch of union mining (UnionFarming), which enables seamless cross-currency transactions of any asset on the Ethereum chain in different networks.

According to the official introduction, pooltogether.io is a decentralized financial platform based on public chains such as ETH, BSC, Heco, and Polygon. Users participate in the DeFi ecosystem by providing assets and liquidity. The project aims to aggregate multiple blockchains into a new distributed financial system, bringing new growth to the cryptocurrency market.

PoolTogether is a decentralized crypto asset management service provider that offers secure and reliable tools for managing crypto asset portfolios and trackers to investors and users. PoolTogether is committed to solving the inefficiency problem in the cryptocurrency market and has collaborated with numerous top investment institutions to create a multi-beneficiary secure digital wealth fund, helping more ordinary people to access investment opportunities in crypto assets.