The Bitcoin.com mining pool, run by Roger Ver, has dropped support for a controversial plan to impose a tax on bitcoin cash mining in favor of a cryptocurrency development fund due to the negative perception of the idea by the community.
In a statement, Bitcoin.com said that without sufficient support, such changes could lead to another hard fork and transformation of the economic base of the project. Poole also called on the community to be united, flexible and transparent..
Due to the rejection of the proposed plan, the organization will begin to look for new ways of financing the development fund that will be acceptable to all participants and will preserve the fundamental foundations of bitcoin cash.
The opinion of the remaining mining pools, which previously signed up to the proposal to introduce a 12.5% mining tax, is still unknown..
The community criticized not the very need to deduct part of the income to pay the development team, but the controversial decisions to implement it. The plan stipulated that network participants would start paying but would not be able to vote, funds would go to a private Hong Kong company instead of a non-profit organization, and all miners and those who did not support the update risk losing funds due to the deletion of the blocks they mined..
Bitcoin.com is interested in maintaining stability not only because of the risk of losing part of the market, but also because of the prospects for further development. for instance, earlier Vitalik Buterin proposed to use blockchain bitcoin cash as a temporary solution to improve the scalability of the Ethereum network.
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text: Ivan Malichenko, photo: butterflylabs