Bitcoin Cash News Today – Headlines for February 22

  • Bitcoin Cash engineers held their second developer’s meeting
  • Purpose of the meeting was to upgrade features and deliberate on the IFP plan
  • Bitcoin ABC’s Amaury Séchet describes the IFP proposal as harmless in China but controversial in the west

Bitcoin Cash News Today – Bitcoin Cash engineers held their second BCH developers’ meeting for the year. The meeting was also the first time since the IFP proposal (Infrastructure Funding Plan) was listed on the Bitcoin ABC version 0.21.0 model. Seven developers sat to discuss adding new features after the upgrade scheduled for May this year. However, the bulk of this year’s conversation was focused on the IFP initiative.

Upgrade Features and the IFP Proposal

In recent weeks, BCH proponents have been discussing the proposed IFP plan. Bitcoin ABC plans to support IFP on the 0.21.0 client launch which is why the team published its implementation days later. The IFP plan has been a topic of discussion on Bitcoin Cash land which is why the developers’ meeting was focused on the topic.

The meeting included Antony Zegers of Bitcoin ABC, as well as Jason B. Cox, and Amaury Séchet of Bitcoin ABC. Others include’s Chris Troutner, and developer Tobias Ruck, Josh Green of Bitcoin Verde and Bitpay’s Matias Garcia. According to Bitcoin ABC’s Amaury Séchet the IFP proposal isn’t controversial in China. This is the case only in the Western Hemisphere.

Séchet Responds to Questions on IFP Proposal

Séchet also said that BCH miners do not want to damage the BCH token right now as they are seeing the contention. He also believes the BCH miners are waiting to see as the matter develops. Noting that they expect that the BCH community will come up with new alternatives if IFP is contentious. Séchet added that they should work out a solution quickly. He said if a solution can be found everyone can be made happy. developer Chris Troutner asked Séchet’s opinion on the whitelist (development group addresses that will get funding from IFP if the scheme is executed).

The Bitcoin ABC developer added that there is an alternative and that miners are willing to go through the plan if the BCH community prefers the alternative and if this alternative works. Finally, the programmers in the meeting discussed the new upgrade features that BCH users are looking forward to as well as the chained transaction limit boost to 50 from 25 Sigchecks, and the opcode OP_Reversebytes. The event had video coverage which is 1 hour 46 minutes long. The IFP proposal has been a hot debate and more details on the scheme will continue to unfold.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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