Bitcoin.com don’t want to divert 12.5% of Bitcoin cash block reward for development

Written by Ashmita Ghimire

January 28, 2020

The mining pool Bitcoin.com has decided to not support a proposal that aims to redirect 12.5% of Bitcoin Cash block rewards to a development fund. In a blog post on Tuesday, Bitcoin.com said it 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. The Bitcoin will not risk a chain split or a change to the underlying economics. Therefore to do this kind of proposal it will need to have as many people of economic weight on board as possible, including businesses, exchanges, miners and bitcoin cash implementations.

Mining pool bitcoin CEO Jiang Zhuoer last week announced the block reward cut petition in a blog post, stating that the move was to support the development of Bitcoin Cash infrastructure and threatening to orphan blocks that do not go with the proposal. Bitcoin. com accounts for roughly 0.39% of the total Bitcoin Cash hash rate.The Bitcoin.com, Antpool, BTC.com, and ViaBTC all signed Jiang’s petition which represents around 31.6% of the total Bitcoin Cash’s hash rate.

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