The Founder of Zcash and CEO of Electric Coin Company (ECC), Zooko Wilcox has appealed for a new funding model for the development of its Zcash. Wilcox said: “I hope that the community will decide to renew the ‘Dev Fund’ structure, allocating coins from future block rewards for core support functions such as software development, user support, business development, regulatory and government outreach…”
The Electric Coin Company (ECC), the firm behind second-biggest anoncoin Zcash, intends to build a new scalable zcash blockchain. In plain Zcash is essentially the Zerocoin protocol inserted into Bitcoin, but the developer have big ambition to serve 10 billion people and to do so they have planned to implement “sharding,” a scaling technique advanced by Ethereum.
Harry Halpin, CEO of Nym Technologies has attacked Monero and Zcash that they’re just privatizing the blockchain. In this statement: “…whatever it is on the chain itself that peer-to-peer traffic is actually capturable/recordable by any enemy who is watching the network”. He suggests that an older design called the mix networking or “mixnet” can help conceal exposure of network data.
ZCash Company to differentiate them from the ZCash Foundation (a non-profit organization that focuses on financial privacy) may change full legal fromZerocoin Electric Coin Company, LLC to Electric Coin Company. The ZCash foundation serves the user of the ZCash protocol and blockchain as well as supporting other applications of zero-knowledge cryptography.
Coinbase has enabled the retail investors to purchase and sell Zcash. Presently, the residents of the U.S., UK, European Union, Canada, Singapore, and Australia would be able to trade the coin. The residents of in the United Kingdom and the U.S. state of New York are not currently covered. The announced regarding the privacy features for the trade quoting on shielded and transparent transactions.
Coinbase is set to launch the Zcash (ZEC) trading services on its trading platform Coinbase Pro. The announcement made in Coinbase’s blog explained that the inbound transfer of the currency commenced on November 29th, 10 PM. Coinbase commented, “In the future, we’ll explore support for withdrawals to shielded addresses in locations where it complies with local laws.”
The Hashtoro, a cloud mining service provider, has declared the addition of Zcash. It could be mined through the Antminer Z9 Equihash miners. The Hashtoro’s product director, Alexander Petersons stated, “Our goal was to create a profitable, safe and reliable mining system for our clients. We carefully choose the technologies, farms and the cryptocurrencies.”
The Zcash released its network hard fork, Sapling. Elise Hadmon of the Zerocoin Electric Coin stated that the users would not be able to transfer funds from old shielded addresses to the new version. Hadmon mentioned, “We are developing a tool to automate the migration of funds in a way that allows users to minimize the impact on their privacy.”
The GMO Internet Inc. has revealed a mining software client called Cryptknocker to mine Zcash. The Cryptoknocker would support crypto mining activity on the Equihash consensus algorithm through GPU chips. Reportedly, the GMO Internet would be directing 2% of the mining profits to set off against the developing costs. Recently, the GMO also released next-generation ASIC chips.
The Circle Internet Financial has affirmed that EOS, Stellar, 0x, and Qtum have been added to the Circle Invest. The platform already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Zcash, and Monero. The Circle team revealed, “We recognize the need to educate our customers and bring clarity to this fascinating, yet complex asset class.”