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Blind Merged Mining (BMM) allows SHA-256d miners to collect transaction fee revenue from other blockchains, without running any new software (ie, without "looking" at those alt-chains, hence "blind").
Blind Merged Mining (BMM) allows SHA-256d miners to collect transaction fee revenue from other blockchains, without running any new software (i.e., without "looking" at those alt-chains, hence "blind").
Instead, this block-assembly work is done by alt-chain users. They choose the alt-chain block, and what txns go in it, the fees etc. Simultaneously, these users "bid" on L1, to win the right to be the sole creator of the alt-chain block. BIP-301 ensures that L1 miners only accept one bid (per 10 minutes, per L2 category), instead of taking all of them (which is what they would ordinarily do).
