Main page News, Mining, Bitcoin Cash

Roger Ver-owned popular mining pool Bitcoin.com has just announced it has decided not to support an initiative to donate 12.5% of the Bitcoin Cash mining block rewards to a development fund.

According to an official blog post on Bitcoin.com, the platform "will not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible. Bitcoin.com will not risk a chain split or a change to the underlying economics. In order to do this, any proposal will need to have as many people of economic weight on-board as possible, including businesses, exchanges, miners, and Bitcoin Cash implementations."

The proposal was presented last week by BTC.TOP CEO Jiang Zhuoer, who said donating 12.5% of the rewards given to miners for mining a BCH block would help support the development of the currency's ecosystem.

Soon afterwards, popular mining pools Bitcoin.com, Antpool, BTC.com and ViaBTC, which account for about 32% of the network's hash rate, gave their support to the proposal.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.