The team is pleased to announce the Bitcoin Unlimited voting results. BU members voted on BUIPs 221–224, with voting concluding on 28 February 2026. BUIP 221, delegating operational matters to the BU Executive, passed and provides a foundation for more flexible day-to-day operational management in support of Nexa’s long-term success.
Find more details on BU Forum:
What is BU?
Bitcoin Unlimited is a decentralized organization building necessary infrastructure and tools to realize the vision of an equitable financial future and peer-to-peer cash. Bitcoin Unlimited began as a grassroots project that emerged in a forum where a couple of early adopters disputed the block size issue from an economic perspective. At its peak, Bitcoin Unlimited’s nodes secured 52% of the Bitcoin network. Innovative projects and technologies that Bitcoin Unlimited has worked on include Bitcoin Cash and, more recently, Nexa.
Delegate Operational Matters to the BU Executive
The original intention of the BUIP system was to give the BU membership control of the election of the BU officers’ “Executive” and guide the functional and technical direction of the full-node client software and associated satellite systems. That will always remain. However, over time, BUIPs have been raised for operational matters, including conferences, exchange listings, marketing, and individual staffing roles.
When B.U. did not have responsibility for a cryptocurrency reference client application (BTC or BCH), operational BUIPs provided freedom for B.U. members to propose and action projects, events, etc. In the current situation, where B.U. is responsible for advancing Nexa, there are far more day-to-day operational decisions.
Motivation
To give Nexa every chance of success, it has been necessary to increase the team size by almost 3x, most of whom are developers with varied skill sets, along with some specialist operational staff. It has also been necessary to seek exchange listings, promotional media relationships, and sponsorships for and attendance at conferences, all of which require a budget, funding, and ongoing time and effort to support. With a large team and many operational matters occurring each month, it is unwieldy to use the BUIP system outside its original intent. Members have always had the ability to raise “counter-BUIPs” to oppose a development proposal. This can also apply to any operational matter. Control will remain with the ability of a member to raise a BUIP that overrides or modifies an Executive operational decision.
Proposed Action
The Executive is to be authorized by the membership to manage operational matters, i.e., to be delegated to handle such matters day-to-day and on an ad hoc basis. This includes seeking exchange listings, promotional media relationships, sponsoring and attending conferences and events, and maintaining adequate staffing levels for both developers and non-developers. This is to provide flexibility, reduce deltas, and maximize our ability to promote Nexa while maintaining good governance.
All channels (particularly non-public ones) will remain available for members to inform and provide input to assist the decision-making process. In extremis, and in the (hopefully) rare situation of fundamental disagreement, members may raise a BUIP or a counter-BUIP to an Executive operational decision. The decision may be deferred until a vote and, if necessary, reversed as much as practicable.
Conclusion
With the team growing almost three times and operating in a fast-paced environment, the successful BUIP 221 sets a foundation for decision-making and day-to-day operations management. The BU organization is staying committed to developing Nexa and giving it every chance to become a successful cryptocurrency in the competitive market.