- ZCASH MINER REVENUE FOUNDER REWARD UPGRADE
- ZCASH MINER REVENUE FOUNDER REWARD SOFTWARE
- ZCASH MINER REVENUE FOUNDER REWARD ZIP
Where the Foundation standsĬurrently there are several potential ZIPs related to dev funding for NU4, all of which are listed in a thread on the Zcash Community Forum.
ZCASH MINER REVENUE FOUNDER REWARD SOFTWARE
Zcash is whatever the bulk of network users and miners want it to be, but the Foundation and the Company play an undeniable role in supporting that choice with software development and legal defense. In either case, users cannot take the network effect with them - exchanges, services that integrate Zcash, stores that accept Zcash, etc. Regardless of any trademark agreement between the Foundation and ECC, users are always free to fork the cryptocurrency or exit the ecosystem, although not necessarily with equal resources at their disposal. Both will help the Zcash Foundation and Electric Coin Company have more balanced roles within the Zcash ecosystem. We expect both Zebra and the trademark agreement to be in place long before NU4 is activated. In addition, we hope to see wide usage of Zebra (zebrad), the Foundation’s independent, consensus-compatible node software. ECC and the Zcash Foundation are negotiating a shared trademark agreement. We expect both legal and practical changes to this authority. As things stand today, ECC has the authority to decide what products and services can legally be labeled Zcash. In practice, Zcash is a network that consists of thousands of computers owned by independent persons and companies, all of them running instances of zcashd, open-source software that is maintained by the Electric Coin Company (also called ECC, and previously known colloquially as the Zcash Company).įrom a legal perspective, the Zcash trademark is currently enforced, protected, and owned by ECC. We hope to hear from any and all community members before the final decisions are made at the end of October.
ZCASH MINER REVENUE FOUNDER REWARD ZIP
We have established a timeline for collecting community sentiment in between the due date for ZIP drafts, August 31, and the feature selection date of October 31. We encourage ECC to convert into a not-for-profit organization. We strongly prefer that any protocol-based dev fund be distributed to nonprofits and the Foundation cannot accept a fully mandatory fund that pays out even partially to a for-profit company. Moreover, such funds should not be used to directly enrich investors or founders. The Foundation believes any compulsory dev fund for Zcash must include accountability requirements for the use of funds for every recipient organization. To be clear, throughout this document “dev fund” refers to ZEC distributed from block rewards for the express purpose of continuing work on Zcash. We hope this post provides clarity on the Zcash Foundation’s stance, our plans for evaluating potentially controversial Zcash upgrades, and where we’re all going from here.
ZCASH MINER REVENUE FOUNDER REWARD UPGRADE
Zcash community and broader cryptocurrency ecosystem, we write to you after numerous hours of debate about Zcash dev funds, the upgrade process, and cryptocurrency governance in general.
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