diff --git a/bip-0301.mediawiki b/bip-0301.mediawiki index 4988e3663..92e3adfcb 100644 --- a/bip-0301.mediawiki +++ b/bip-0301.mediawiki @@ -15,7 +15,7 @@ ==Abstract== -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).