https://ibb.co/ckxKY8

After an innovative event at the Calvin Ayre Coingeek Conference in Hong Kong, members of the Bitcoin Cash industry, which includes high-profile executives and key developers, gathered to discuss a new proposal. Those who attended the meeting were executives of BTC.top, Coingeek, Viabtc, Jihan Wu and Jiazhi Jiang of Bitmain's Antpool, Roger Ver and other representatives of the Bitcoin.com group, Amaury Séchet of Bitcoin ABC, the founder of Electron Cash Jonald Fyookball, and Jerry Chan of SBI Bits. At the meeting they based their discussion on how the present imagined where the development of BCH would go and how to continue financing the project in the future. In addition, other blockchain projects that fund development through mining rewards were also discussed among the participants of the meeting. Along with this, attendees discussed how the funds would be distributed and how miners could use their signatures to vote on certain development projects. The members deliberated on different concepts, such as the OP_Code 'Timelock' method (intelligent contract technique that restricts the spending of coins until the block has a certain height or time). Bitcoin Cash miners discuss voting on proposals "Virtually all the representatives of the mining group agreed to support a proposal that would allow the miners to vote to finance initiatives raised by the community, voting on them in the same way that the signaling of the vote now works," said a Bitcoin.com representative. attended the meeting. If a proposal exceeds a threshold of 75%, it would be approved and financed with a predetermined amount of each block found. " A percentage of 1 to 5% of the reward per block was considered, but for the moment no agreement has been established at the meeting. An example of how much financing a small percentage of the rewards per block would be, shows that approximately 1% of the monthly reward work per block is approximately USD $ 650,000 if the BCH prices are above USD $ 1,200 per currency.