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.
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