The founder of Litecoin (LTC), Charlie Lee, has proposed the introduction of a voluntary 1% donation towards the development of the cryptocurrency, Cointelegraph reports on January 26th.
The fee would of course come from the miners and their block rewards, with the founder explaining his ideas to Cointelegraph saying “At current LTC price, 1% of block rewards is about 7x Litecoin Foundation's yearly expenses. Even if a small percent of miners are generous enough to donate, the foundation would be able to put it to good use by funding developers to work on Litecoin Core, Mimble Wimble, LiteWallet, LN wallet, hosting the yearly Litecoin Summit, and pushing for adoption of Litecoin by merchants and users.”
While at the same time, we're seeing other major blockchains, such as Bitcoin Cash consider implementing a maintenance fee, Charlie Lee is walking a thin line by making the donation voluntary. Even though nobody can argue with him on it, since if the fee was to be implemented, it would remain on the miners to decide if they want to support the idea or not, it also might backfire as we've already seen several projects overestimate the generosity of their mining pools when it comes to diving into their block rewards and the mining profits, both in the long and in the short run. However, the approach is, as said, much gentler than the one pushed by the BCH proponents and is likely to meet with more community support along its way.