Recently, the CEO of BTC.TOP, Jiang Zhuoer, proposed what has been causing a stir in the community. He said there could be a redirection of 12.5 percent of Bitcoin Cash (BCH) Coinbaseblock rewards to the Hong Kong corporation fund to support BCH infrastructure.

Nevertheless, the CEO said the blocks of those who refuse to go by the proposal would be orphaned and it has become controversial. On January 25, Bitcoin.com clarified the statement, saying his proposal remains in the development stage and Zhuoer has clarified the same in his Reddit AMA.

Bitcoin.com explained that discussions have just started and part of the things to be considered include who decides the proposal implementation, funds distribution management, and who manages the Hong Kong Corporation.

It also stated the proposed changes would be effective by May 2020 and there would be enough time to discuss those questions to satisfy numerous parties.

The statement of Bitcoin.com reads:

“It is a temporary plan with a six-month runway that will not result in protocol changes that could cause chain splits. Miners may choose to end the fund at any time if the majority of hash decides against it because it is inefficient, unworkable, or otherwise unfavorable to Bitcoin Cash or their businesses.”

Bitcoin.com stated that the proposal will allow the BCH industry to analyze and come up with the fundamental protocol infrastructure required for a completely scaled peer-to-peer digital cash system.



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