Join 79,161 users and earn money for participation

Governance Pre-Consensus Can Bring Stability to Bitcoin Cash

85 635 exc boost
Avatar for AskTheBMP
Written by   167
1 year ago

中文

Have you heard of the Bitcoin Mining Parliament (The BMP) yet? The BMP is an on-chain Bitcoin Cash governance protocol that enables miners to coordinate their actions, and thus bring greater certainty to the BCH ecosystem.

The BMP is a hashpower voting system for Bitcoin Cash that is:

  • Decentralized

  • On-chain

  • Open-source

  • Verifiable

  • Resistant to outside interference

  • Easy to use

  • Extensible

  • Voluntary

  • Neutral

Takes No Sides

The BMP takes no sides in internal Bitcoin Cash disagreements. The BMP is a neutral protocol, non-political, that works with on-chain data. It is as secure as the Bitcoin Cash blockchain.

The BMP simply extends Nakamoto Consensus with a pre-consensus phase, empowering the miners of the last 28 days of BCH blocks to make themselves heard. The BMP can serve as an important tool for Bitcoin Cash governance, reducing forking, infighting and disputes.

BMP Onboarding Campaign

Over the next 2 months, Javier Gonzalez (BMP Architect) and George Donnelly (marketing), as part of the BMP team, will be teaching the Bitcoin Cash ecosystem about how the BMP works, onboarding miners and facilitating questions from the community to miners via The BMP.

Follow @AskTheBMP on Twitter or here on read.cash to stay informed as the campaign develops, and to queue up your questions to the miners.

Learn More about The BMP

Get an in-depth overview of The BMP here:

English: https://read.cash/@JavierGonzalez/why-bitcoin-cash-need-the-bmp-1a6ab975

Español: https://read.cash/@JavierGonzalez/por-que-bitcoin-cash-necesita-el-bmp-e6a746a3

中文: https://read.cash/@JavierGonzalez/bmp-6bc8ea63

Ask Us Questions

We welcome your questions anytime. Email Javier at gonzo@virtualpol.com or George at george@panmoni.com. Want a personalized presentation? Schedule a call with George and Javier here.

The BMP can serve Bitcoin Cash as a key tool of governance going forward, ensuring only voices with real power and skin in the game are speaking but only if we work together to ensure miners adopt it.

167
$ 103.02
$ 100.00 from @majamalu
$ 1.00 from @jscramer
$ 1.00 from @ErdoganTalk
+ 6
Avatar for AskTheBMP
Written by   167
1 year ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.