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.
Related Post:
- Josh Cincinnati, Executive Director at Zcash Foundation, Talks Future of Blockchain
- ? Brendan Blumer on EOS governance, Vote Buying, 1 token 1 vote, Exchanges,Colin Talks Crypto Proxy
- RIPPLE XRP APOLLO APL BITCOIN SUMMER HEAT BULL! CMC/HITBTC/BINANCE VOTE 7/25-7/30 VOTE VOTE BUY BUY!
- Bitcoin sẽ chiếm ưu thế trên thế giới, bcc sẽ bị xóa khỏi sàn tin bitcoin ngày 9
- Zcash (ZEC)- Zcash Price -Zcash (ZEC) Price Index and Live Chart- Zcash price today- Zcash news
- Coin Cast – Episode 5 – DigiByte Foundations Josiah Spackman
- Digibyte Foundations Josiah Spackman 2018 Interview
- XRP, TRON in for massive price increases? Ripple and TRON foundations have great news
- XRP King of Coins: Foundations Will Shake… Change Is Coming In A Big Way!
- 1/1/2020 Volcker Rule & Ripple/XRP Will Shake The Foundations Of The Global Economy In 2023