Major VCs Back Zcash Developers With $25 Million After ECC Split

The upgrade establishes a development fund for the next four years and removes the controversial “Founders Reward.” Privacy-focused cryptocurrency Zcash (ZEC) celebrated its first halving event on Nov. 18.The occasion was marked by the implementation of the Canopy upgrade, which establishes a development fund for the platform and removes the controversial “Founders Reward.”The halving and upgrade occurred at block 1,046,400, just over four years after Zcash was first mined in late October 2016.Canopy is the fifth major upgrade to Zcash, primarily consisting of the change to the mining....

On October 28 the Zcash (ZEC) project will release its genesis block into the wild. There’s a lot of anticipation for this project, because it will deploy zero-knowledge security. Thanks to this, developers believe Zcash will be a truly anonymous ledger that doesn’t leak or reveal transaction data. The Upcoming Zcash Project Launch The Zero Knowledge....

The blockchain world can feel unfriendly and uncollaborative at times, with supporters of competing technologies often criticizing each other professionally (and personally). But, it isn't all competition. Progress on incorporating zcash's anonymity into ethereum serves as a reminder that there's more going on than just Twitter and Reddit in-fighting, and further, that there's an ongoing, fragmented effort to make major blockchain networks more compatible. So far, the two blockchain networks have at least three publicly-known, semi-official projects. (Some smaller examples are that....

Monero is on the rise, demonstrating a 10% increase over the past 24 hours. Overhyped ZCash however has declined significantly over the past two days, decreasing by 54% yet again. Despite mainstream media attraction and substantial investment involved, it seems as if the market and community have chosen Monero over ZCash as the anonymous digital currency. While the rapid decline in the value of ZCash came as a surprise to some investors, it was expected by the majority of experts and high profile traders in the cryptocurrency investors that have criticized the controversial launch of....

If this change were to implemented, a hard fork may not be necessary. Since the majority of network blocks are already using these requirements, a soft fork can be used. Ever since the ZCash project launched, developers have been making various changes to the code base. Improvements are always a welcome development, as well as keeping an eye on new features. A new proposal on GitHub indicates the project may switch to Ethereum-style block timestamps shortly. Some cryptocurrency enthusiasts see this as a lack of innovation. The launch of ZCash has been greeted with a lot of anticipation.....