Join 76,317 users and earn money for participation

BCHA Incentive Model

8 96 exc boost
Avatar for nghiacc
Written by   62
10 months ago

Bitcoin ABC ($BCHA) was created on November 15th, 2020 by the founders of main BCH node implementation, inherited from BCH and BTC chains with genesis block. Bitcoin ABC introduces a new way to fund directly to developers and govern the fund based on major holders and miners. It aims to attract talents to build and commit for long term, while bringing additional benefits for users and miners where they can have their say at GNC based on their proof of stakes: Each miners with more than 1000 blocks and 21 major coin holders are qualified for a share of GNC fund. With the new incentive model, Bitcoin ABC aim to address the funding issues that plague the open source community for long.

As the Wired put it in the article The Few, The Tired, the Open Source Coders

But we need to rethink the very idea of what crowdsourcing is capable of—and understand that it is perhaps more limited than promised. The open source revolution has been carried on the backs of some very weary people.

Will Bitcoin ABC Incentive Model be able to solve the open source funding issues? The developers team at Bitcoin ABC think it is. See this article from Cain.

For me, I believe the incentive will at least provide a stable funding for developers, so that they focus to build and stay, rather than to to seek for unstable and risky sources of incomes, such as donation, sponsorship or trading.

Crypto is full of dump and pump scheme which scare people away. It is time to build it as a professional place!

Sources:

Bitcoin ABC Global Network Council Framework

Wired: The Few, The Tired, the Open Source Coders

20
$ 13.78
$ 13.62 from @TheRandomRewarder
$ 0.10 from @fmarcosh
$ 0.05 from @RaemaKhan
+ 1
Avatar for nghiacc
Written by   62
10 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Nice information

$ 0.00
10 months ago

hey ..... help me by tipping my blogs and articles

$ 0.00
10 months ago

All is well

$ 0.00
10 months ago

BCHA incentive model is well designed,hopefully it will work as well.

$ 0.00
10 months ago

I hope this model will also bring opportunities to people like and you and Cain.

$ 0.00
10 months ago

Yes this is my choice however I think it is not just for myself, but also it brings opportunity for crypto developers via stable funding as well as for Users and Miners who will now have more says in the Global network council.

$ 0.00
10 months ago

Now I invest in BCHA. Hopefully this coin can compete with other altcoins.

$ 0.00
User's avatar ico
10 months ago

Good luck with your investment. I hope they won't dump on me as i already fund them via block rewards. I believe with the right model, they will be incentivized to become one of the major crypto currencies. The coin is still small so it may take time though.

$ 0.00
10 months ago