5% of Block Rewards - Bitcoin ABC Will Add Infrastructure Funding Plan in Next Release

Bitcoin ABC developers published a blog post on Saturday which discusses the miner Infrastructure Funding Plan (IFP) and the team told the community the software engineers have been “requested” to implement IFP. According to the developers, the code for IFP will be implemented in the upcoming 0.21.0 ABC software release.

Btc.top founder Jiang Zhuoer recently introduced a miner-funded Infrastructure Funding Plan (IFP) that would see a fraction of block rewards sent to core developers working on the BCH protocol. At first, the plan was to use 12.5% of the BCH coinbase rewards and miner participation was required. While some people liked the plan, the proposal didn’t sit well with a number of BCH supporters and people debated the subject for days. Then Zhuoer followed up with the community after hearing the responses and he explained that the coinbase reward would be reduced and instead of requiring other miners to donate they could burn their percentage.

The software engineers disclosed that by applying the criteria a whitelist has come to fruition. There will be donation addresses for a General Fund, Bitcoin ABC, Electron Cash, and BCHD. “As a project, Bitcoin ABC believes that stable funding of Bitcoin Cash software infrastructure is vital to the success of the project,” the developers concluded. “While we recognize that some aspects of this plan have been controversial, we believe that overall the benefits of the plan create the potential for a very exciting future in which Bitcoin Cash can grow and compete, and can reach its goal of becoming the best money the world has ever seen.”

The developers also thanked Btc.top’s Jiang Zhuoer and other mining pools for their “desire” to fund infrastructure. “We are optimistic this plan could be a great success,” the team’s blog post further highlights.
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