Bitcoin ABC will include a BCH miner donation program in May, with the donation ratio changed to 5%

Bitcoin ABC developer Amaury Séchet yesterday released an update to the miners-to-developers program first proposed by Jiang Zhuoer.

The plan is to deploy it in version 0.21.0 of the Bitcoin ABC software, which is expected to be released on May 15. The protocol changes must be activated by miners through BIP 9.

The plan would have prompted miners to use 5% of their block rewards for project funding. Despite the changes, some community members still consider the plan “robbery” and called on exchanges not to support it.

The following is the full text of Séchet’s article:

Recently, Jiang Zhuoer of BTC.TOP announced his intention to create an Infrastructure Funding Program (IFP) for Bitcoin Cash (BCH). This plan has sparked a lot of discussion in the BCH community. Some people are against the concept of miner funding. Others support the original intention of the plan, but have different views on the implementation details.

In the following weeks, Bitcoin ABC has been closely following community discussions and communicating with Jiang Zhuoer and other participants in the mining space. Based on community feedback, we have updated the infrastructure funding plan. The new plan addresses several major issues seen in the past few weeks. Bitcoin ABC has been asked to deploy this plan in the node software and will include this deployment in the upcoming 0.21.0 version.

The updated IFP has the following changes compared to the original one:

• The plan will only take effect if miners trigger it through BIP 9.

• The specific amount will be reduced to 5% of the block reward.

• The funds will be used for multiple projects and can also be used for one of several projects on a whitelist.

Whitelisted projects will be selected based on the following criteria:

• It must be a common infrastructure that can be used by different products.

• Projects must provide public goods.

• The project must use an open source software certificate and be compatible with other BCH ecosystem projects.

• The program will prioritize projects in need of funding.

Using the above criteria, we get a whitelist containing General Fund, Bitcoin ABC, Electron Cash, and BCHD addresses.

As part of this, Bitcoin ABC believes that a stable source of funding for the BCH software infrastructure is critical to the success of the project. While we recognize that parts of this plan are controversial, we believe the overall benefits of this plan can create an exciting future, a future that helps BCH grow and compete, and a future that makes BCH the best currency in the world.

We would like to thank Jiang Zhuoer and other members of the mining community who support the development of BCH. We are confident that this plan will be successful.