RATE Group | Bitcoin Cash to Add Dev Tax in New Software Upgrade. Will Crypto Exchanges Stop This Tak…
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Bitcoin Cash to Add Dev Tax in New Software Upgrade. Will Crypto Exchanges Stop This Tak…

16 Feb Bitcoin Cash to Add Dev Tax in New Software Upgrade. Will Crypto Exchanges Stop This Tak…

Posted at 14:53h in Bitcoin News by

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Bitcoin ABC developer Amaury Séchet recently published an updated version of the miner Infrastructure Funding Plan (IFP) that was first introduced by BTC.TOP founder Jiang Zhuoer. 

It will be implemented in the forthcoming 0.21.0 release of the Bitcoin ABC software that is expected to take place on May 15. The protocol change has to be activated by miners via BIP9.     

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Issuing money for developers 

The major difference in his proposal is the reduction of the developer tax to 5 percent (the original amount was 12.5 percent). The rationale behind taking a sizeable chunk of miner rewards is the necessity to develop the software infrastructure of Bitcoin Cash.    

“As a project, Bitcoin ABC believes that stable funding of Bitcoin Cash software infrastructure is…

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