Bitcoin ABC Announces To Convene The First Global Network Council For BCH Governance
On August 27, Bitcoin ABC officially announces the formation of the Global Network Council to provide guidance and governance for the funding of a greater ecosystem. With the introduction of the new Coinbase rule, scheduled on November 15, the reference software implementation team for a Bitcoin network will be assured sustainable funding. And the **Global Network Council** is established as a framework for the use of these funds that will provide maximum transparency, accountability, and oversight. Note: the Coinbase rule requires miners to donate 8% of all newly minted coins to a BCH fund.
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