Zcash’s Electric Coin Company Shifts to Non-Profit Status Following Stockhold...
Zcash developer Electric Coin Company will transition to a new non-profit, with a majority of shareholders electing to donate their equity.
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According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the protocol is soon to implement the largest upgrade in history. The Zcash development team has released the 5.0.0 codebase which supports the NU5 upgrade that will occur on or around May 31, at block height 1,687,104.
Electric Coin Company and Zcash Prepare for Network Upgrade
The second-largest privacy-centric crypto network, in terms of market capitalization, Zcash, will see a significant upgrade take place on or around May 31. Electric Coin Company and Zcash developers released the....
On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s cross-chain interoperability.
Zcash to Change From PoW to PoS
The Zcash network currently leverages a proof-of-work mining algorithm called Equihash, which allows miners to compete in order to find new blocks on the Zcash chain. In a blog post published on November 19, ECC announced the network will....
SolarCoin rewards energy-savers, Ethereum fans look to buy-buy-buy, and Ebitz takes advantage of Zcash’s problems. Want to catch up on your latest altcoin news? Read the stories below. SOLARCOIN. SolarCoin began in January 2014. Its specific purpose is to reward users of solar energy, so it’s a good time to enjoy the benefits of “clean” electricity. People who live in homes using solar energy panels or “commercial solar electricity producers” may claim the currency as they consume their sun-sourced engery. One megawatt hour equals one SolarCoin. The platform keeps an active ledger of....
Per a Forbes exclusive, activist Edward Snowden revealed his participation in a ceremony that led to the creation of the privacy coin Zcash. Developed by the Electric Coin Company (ECC), the privacy coin was deployed in 2016 in a secret ceremony with the aid of 6 individuals. Related Reading | New York Prosecutors Present Clear Legal […]
Bitcoin users in Japan can now pay their electric bills with their favourite cryptocurrency and save money as well. The mainstream acceptance of Bitcoin is growing with time and in Japan, where Bitcoin has official currency status, Bitcoin has just taken another great leap. ResuPress Inc. the company which operates Coincheck, a Bitcoin payment service, has partnered with Mitsuwa Industry Co. Ltd to allow Japanese users to pay utility bills with Bitcoin. Coincheck Denki (electricity) will be launching in November 2016 and will enable users to pay electric bills with Bitcoin. Heavy Bitcoin....