The Unsolved Mystery of How to Fund Public Protocols
Gitcoin, BCash and Zcash all try different paths to fund public protocol development, plus the latest in CBDCs from Japan and Cambodia and Andrew Yang on crypto.
Zcash developer Electric Coin Company will transition to a new non-profit, with a majority of shareholders electing to donate their equity.
Ethereum’s consensus algorithm is not the only thing changing with the launch of Eth 2.0. The underlying cryptography itself is getting an overhaul.
Along with the halving, Zcash has rolled out its Canopy upgrade that replaces the Founders Reward with built-in funding for development.
Zcash is due for its first mining reward halving later this year. The event could solve a major problem for the privacy-focused cryptocurrency.
The zcash community has agreed to continue funding the development of its privacy coin after a months-long – and often contentious – campaign to address imminent funding losses.