Development Fund to Zcash comes the end of 2020
News in the home Zcash. Starting in November 2020, there will be a development Fund that should include clear rules for the distribution of funds.
Zcash is the next most important step in the development of
Quo vadis, Zcash? The question of how it is around the System of Zcash (ZEC) in the future, has made many a Fan of the Format. And also, the developers have questioned repeatedly the own strategy. Now there are news about new plans, so that the Ecosystem can continue to gain in importance in the crypto market between Bitcoin and co. Since the market launch in the year 2016 as we know, happened a lot. Even if the Token in our Top 10 of crypto-currencies so far not emerged, it might be soon. The experts of Coinmarketcap for example, lists the currency in terms of market capitalization, is already among the 25 leading currencies in the industry. If the upcoming development work to improve the Rating, you must now show. It became known now that Zcash is transferred to the end of the year, in a so-called development Fund. As a result, those responsible for the funding of a new distribution.
The System will continue to change and more transparent
Eight percent of the funds are to be provided in the future for non-defined “third parties” (e.g. the developer). The Foundation itself to take a share of 5%, the company Electric Coin Company carries a volume of 7 %. To date, the program “Founders Reward was considered” as the basis for the further financing of the development of the Ecosystem. The Reward concept is to draw until the end of 2020 for other distributions responsible, so that the active Miner can benefit as usual. Donors that were involved early on after starting in 2016, as well as the network’s founder, secured a share of 15 %. On the account of the Electric Coin Company as a major author of the Zcash Systems 5% were formerly, so that here an increase is recorded. The model Founders would expire Reward at the end of this year, was already known. How exactly the financing is not yet in the Individual.
Accountability in the use of funds
For the end of the current Reward model had also the Zcash-community itself. In the context of a User survey, there had been discussions held about possible ideas for the future. Now, the Community members agreed on the variant with the development Fund, and the distribution of 20 % of the Rewards for the Fund and continue to 80 % for Miner. Also new obligations in terms of delivery of Computing tools and Reports for participation in and the preservation of a financial well-filled syringe. Those who want to receive money, you must demonstrate the purposes for which funds are to be used. A key goal: greater transparency and a higher degree of decentralisation in the network. In addition, it should be in the penultimate month of this year, a “Zcash Improvement Proposal” (ZIP), which will include the essential Details.
The involvement of the Community is for many Users a reason for this approach, and not for any other Token, or networks such as Ethereum or Litecoin to decide; with all of the Coins and the systems own Pro and Contra distinguished.
