The managing partners of Blocktown Capital pose a solution to Zcash’s funding crisis.
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Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the Zcash blockchain and shielded addresses that are more private. Coinbase customers can receive Zcash from both transparent and shielded addresses and send Zcash to transparent addresses. Sending to shielded addresses is not supported at this time.
We wonder what it could all mean. The UK’s Financial Conduct Authority appeared to give privacy coins their blessing just last month. We wonder what’s afoot!
Zcash founder Zooko Wilcox has called for the creation of a new "Dev Fund" to support the operations of the privacy-focused cryptocurrency.
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