Thanks to @Mikerah for help revising this. Merged Consensus The high-level goal of merged consensus is to provide an objective deterministic permissionless consensus protocol that can be used for side chains, and runs entirely on-chain. It is an alternative to designs like Proof-of-Stake consensus for side chains, but unlike stake-limited consensus protocols it does not require a separate token, a separate set of block producers, a bunch of strong assumptions, etc. Preambles This spec assumes...
