According to the results of a governance panel led by the Zcash Foundation and announced at the Zcon0 conference in Montreal on Thursday, the ballot, which proposed to prioritize ASIC resistance and “discourag[e] the use of ASIC mining equipment in favor of [graphics card] mining equipment,” saw 19 votes in favor, with 45 votes against the proposal.
Andrew Miller, president of the Zcash Foundation, said he was “surprised” by the outcome, telling attendees:
“This is a fairly strong signal of disagreement.
My interpretation of this is that we’re not going to make any hasty decisions like diverting all of the Zcash Foundation resources to promoting ASIC resistance.”
Operating independently of the Zcash Company, the Zcash Foundation is intending to decentralize the decision-making power on the network through the governance panel.
Another ballot included a question about transferring ownership of the zcash trademark from the Zcash Company to the foundation.
Zcash (ZEC) continues to demonstrate resilience in the cryptocurrency market, with recent developments shaping its near-term trajectory. Over the past 24 hours, Zcash (ZEC) has risen by 11. 97%, outperforming a relatively flat crypto market, and currently trades just above $420.
The cryptocurrency market has performed positively over the past 24 hours, with Bitcoin and other major coins currently in the green. ZEC, the native coin of the Zcash blockchain, is the best performer among the top 20 cryptocurrencies by market cap.
Zcash surges 13% to $460 as a dynamic fee proposal, whale accumulation, and Cypherpunk’s growing ZEC treasury tighten supply below a key resistance zone. Zcash (ZEC) price climbed 13% to reach $460, outperforming broader cryptocurrency markets that have traded sideways…
The US government appears to hold a significant amount of Zcash, a privacy-focused digital asset, according to a new analysis by Arkham Intelligence. The position, valued at approximately $1. 5 million, reportedly stems from assets seized during the 2017 takedown of the AlphaBay darknet market.
Arkham Intelligence defends its Zcash coverage announcement after experts disputed claims of deanonymizing shielded transactions, calling it technically impossible.
The post Arkham Attacks Zcash Community After Public Backlash on Inaccurate Reporting appeared first on Coinspeaker.
Zcash, the privacy-focused cryptocurrency, has unveiled a new proposal for a dynamic fee system designed to prevent soaring transaction costs from pricing users out of the network. The proposal, issued by research group Shielded Labs, addresses growing concerns over rising fees as Zcash experiences increased usage and network congestion. Zcash moving beyond fixed fees Since […]
Zcash price is testing the $420 resistance of a multi-month symmetrical triangle as rising trading volume and institutional accumulation hint at a potential breakout. Zcash was trading at $395 at press time, up 11% over the past 24 hours, as…
