An Investigation of the IFP, the GNC, and the Centralization vs. Decentralization Debate
Preview (5 min read)
From November 15, 2020, to November 15, 2023, the Infrastructure Funding Plan (IFP) allocated 8% of the eCash (XEC) block reward, or ~500,000 XEC per block, toward development. This amounted to roughly 26.3 billion XEC per year, split evenly between Bitcoin ABC (the primary development team) and the Global Network Council (GNC), a group of large XEC stakeholders that vote on community-funded projects...
The rest is for readers.
94% to the writer · 6% to the platform. The story opens right here.