The founders of the two companies (ECC and Zcash Foundation) will be cancelled in 2020, but they all have some funds, mainly Zcash. This model may produce a company similar to Blockstream and still participate in the development of the network, but at the same time there are other profit opportunities. Gavigan said that because the company hopes that the community can continue to fund the development of the network, there is less discussion. In this case, ECC – as a company that needs to make a profit – will have to adopt a new business model to maintain break-even. But the ECC will make the appropriate adjustments." "The question is that the Zcash community wants the company (ie ECC) to continue to develop Zcash? If they say 'no, we don't need' it doesn't matter. When Zcash halved for the first time, this mechanism will end." "The founder's reward is coming to an end. Jack Gavigan, head of ECC product and regulatory affairs, said: The community can decide to continue to provide some form of funding and keep the current system running or let it “floating itself” without the core development team continuing development work. These issues were also of great concern to people attending the Zcon1 Annual Conference (Zcash Developers Conference) in Split, Croatia last weekend. He raised several questions in his post: Who manages the Zcash Github codebase? Does Zcash have enough developers to continue to maintain its code? What should I do with the Zcash trademark? “I think it’s crucial to start talking about these things as we have time to work together,” moderator Shawn wrote. Beginning in January, the Zcash Community Forum moderator (which seems to be the only platform where community members can reach a consensus) posted a post about "Zcash's Future" to discuss what to do next. The Zcash community has a sense of urgency. But the strange thing is that there is no proper governance mechanism that allows members to reach consensus, so finding a way forward will be especially challenging. It stands to reason that the community needs to find a way to maintain its operations. Unlike Bitcoin, Zcash uses zero-knowledge proof to hide user data, while bitcoin can find the user's identity through transaction information. This has always been the dream of password punks, who have witnessed the rise of the commercial Internet and fear that transactions are no longer private. Zcash founding team members include privacy advocate Zooko Wilcox, who wants a cryptocurrency that is as anonymous as cash. By November 2020, when the 570000 block was dug up, Zcash supply will be halved and this incentive mechanism will be cancelled. Currently, 20% of Zcash's block rewards (founder awards) are distributed to individuals and entities responsible for development, including the Electric Coin Company (ECC) and the Zcash Foundation. Zcash founder reward is about to be cancelled, the community is big due to funding problemsīased on market capitalization, Zcash is the world's second-largest private currency with a default deadline.
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