How is #p2pool managing payouts? The answer - anyway you want. We can say that because p2pool sharechain uses UTXO set, just like bitcoin and the sharechain transactions use bitcoin Script. The p2pool sharechain thus has a fully compatible bitcoin transaction system.
Our first goal is to provide atomic swaps (onchain) between p2pool sharechain and bitcoin. P2Pool pays a handful of miners and market makers from bitcoin coinbase, the other smaller miners sell their shares to the larger miners/market makers. We need this to avoid the coinbase size limit imposed by antminers.
I wrote a blog post describing this approach with some helpful images 😉
Potential scalable payout ideas:
1. Atomic swaps on LN a la boltz exchange
2. Swap shares for e-cash?
3. Atomic swaps via Ark providers?
I left the last two with question marks, cause I don't have a solid handle on them yet. Looking for help here to define and implement these! 😃
Kulpreet’s Blog
Trading Shares For Bitcoin - User Story
To scale P2Pool, we need a payout mechanism that works past the limit imposed by bitmain on the number of outputs in a coinbase transaction. In P2P...