EU commission is stepping up its privacy game

The European Commission is boosting its cybersecurity by telling staff to replace WhatsApp with private messaging app Signal.
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Zcash community votes to allocate 20% of network mining rewards to support development

The Zcash community has voted on a new methodology for distributing network mining rewards to support the development of the privacy-oriented cryptocurrency. Per the voting decision, 20% of the Zcash mining rewards will be allocated to a development fund, while miners will get 80% as of block 1,046,400. The development funds will be distributed among […]

The post Zcash community votes to allocate 20% of network mining rewards to support development appeared first on The Block.

Despite likely Dev Fund extension, Electric Coin Co. may need to restructure its operations

Quick Take

  • Electric Coin Co. will likely receive additional funding from a new Dev Fund for its development of Zcash 
  • The most likely proposal would provide ECC with 7% of all mining rewards or approximately $227,850 per month at the current price of Zcash
  • Despite the continued funding, unless ZEC undergoes a significant market rally over the next year, the company will likely be forced to restructure its budget significantly