Bitcoin ABC May 2020 Transparency Report
In May 2020, Bitcoin ABC made noteworthy progress on code improvements to the node software, executed a network upgrade and continued advancing towards its fundraising goals. Here is our May 2020 transparency report. Your feedback and thoughts are welcome any time. See our contact information at the end of this report.
This report is also available as a downloadable PDF.
What Bitcoin ABC Achieved in May 2020
During the month of May 2020, Bitcoin ABC made 350 code commits to its source code repository, and made two releases (0.21.6 and 0.21.7). Some highlights for the month include:
- The 15 May Bitcoin Cash network upgrade. See what was included here.
- Released Bitcoin ABC 0.21.6. See the features and fixes here.
- Released Bitcoin ABC 0.21.7. See the features and fixes here.
- Work towards implementing PSBT (Partially Signed Bitcoin Transactions) for BCH. This improvement will provide a standard way for BCH wallets to sign transactions together. An example of a use-case is for different multi-signature wallets to interoperate smoothly. An overview of this feature is provided here: https://youtu.be/-LwG8aPGiJg?t=111.
- Work on laying some initial groundwork to prepare for Avalanche.
- Many changes and improvements to the RPC interface.
- Progress on work to improve the Bitcoin Cash Seeder.
- Some improvements to the QT wallet code (for example: https://reviews.bitcoinabc.org/D5869 & https://reviews.bitcoinabc.org/D6257) .
- Improvements to internal infrastructure and build system.
- Improvements to tests (for example: https://reviews.bitcoinabc.org/D6431 & https://reviews.bitcoinabc.org/D6443).
- A focus on Bitcoin Core BTC backports that block the work of more senior developers on urgent features, such as Avalanche. For example (links usually are the last of a multiple part change): https://reviews.bitcoinabc.org/D6419 & https://reviews.bitcoinabc.org/D6404.
- Maintained publicly-available testnet infrastructure (http://bitcoincash.gq:3002/)
- We published at least 16 articles, mostly Chinese translations of English-language articles published in April. The articles are available at medium.com/bitcoin-abc & read.cash/@Bitcoin_ABC.
- We created a Bitcoin ABC Social Chat group on WeChat.
- We held one livestream on 14 May 2020, which included members of the Bitcoin ABC team, SLP Foundation director Stefan Rust, ViaBTC CEO Haipo Yang and BTC.TOP CEO Jiang Zhuoer. The livestream experienced peak concurrent viewers of 59, a total watch time of 6 days and has been viewed more than 720 times.
May 2020 Income and Expenses
In May 2020, Bitcoin ABC received income of $267,500 from USD-denominated sources plus 458.5778932 BCH. In that same month, we had expenses of $73,499.95 in USD, or USD-equivalent, plus 120.78 BCH in expenses.
The income numbers reflect amounts received as part of the Bitcoin ABC 2020 fundraiser at fund.bitcoinabc.org. We greatly appreciate all the contributions we received, which are enabling us to begin growing and building.
Income
Expenses
N.B. Income and expenses represented in USD were not necessarily received or paid in USD but are simply represented in USD terms for convenience and consistency.
The Bitcoin ABC Team
The new funds we raised during May 2020 permitted us to solidify the onboarding of a new full-time developer, hire a business development manager and continue the employment of a mid-level engineer.
As of 31 May 2020, Bitcoin ABC includes a total of 8 people, as follows:
- 5 software developers
- 1 technical operations manager
- 1 business developer
- 1 customer relations manager
Questions?
Please contact us any time with feedback and questions. We look forward to speaking with you.
- Telegram Group: https://t.me/abcsocialgroup
- WeChat Group: Bitcoin ABC Social Chat
- Email George Donnelly: george@bitcoinabc.org
- Telegram George Donnelly: https://t.me/georgedonnelly
- WeChat George Donnelly: georgedonnelly
- To schedule a meeting with George Donnelly: https://meetings.hubspot.com/george264
