Zcash Foundation’s Josh Cincinnati on the Governance Vote

CoinDesk sat down with the Zcash Foundation’s Executive Director Josh Cincinnati to discuss the recent governance fund vote which allocates a percentage of mining rewards to the the Foundation, the Electric Coin Company (ECC) and third party developers for continued work on privacy coin zcash (ZEC).

‘It seems like a very good compromise that still enables the ECC to continue receive funding and the Zcash Foundation to receive funding,” Cincinnati said, “but requires both organizations to adhere to pretty strict accountability requirements.”

In fact, the Foundation and the ECC formally agreed to the vote’s outcome at EthDenver, one of the largest ethereum hackathons held annually in Colorado where the ECC resides. The vote was agreed to on principle in late January.

#cryptocurrency #digitalfinance #finance
Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c

Site: https://www.coindesk.com
Facebook: https://www.facebook.com/CoinDesk
Twitter: https://www.twitter.com/coindesk
Instagram: https://www.Instagram.com/coindesk
Newsletter: https://www.coindesk.com/newsletter/
Twitter (Markets): https://www.twitter.com/coindeskmarkets

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

Post Author: CoinCryptoNews