A 1% donation of the block reward to fund Litecoin (LTC) development – this is what Charlie Lee, the coin’s founder, proposes as a solution to underfunded initiatives.
Litecoin Miners May Afford to Support Development with 1% Fee
Litecoin miners, which also take rewards for Dogecoin and other Scrypt-based algorithms, can afford to share some of their block rewards, commented Lee.
1/ I think a better way to fund development is mining pools voluntarily donate a portion of the block reward. How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!
— Charlie Lee [LTC] (@SatoshiLite) January 24, 2020
The Litecoin Foundation, one of the most prominent development entities, has gone through funding deficits, seeking other ways to…
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