Digital Z-Cash has risen more than 51% in the past 24 hours since they announced the news.
Zcash is now trading @ $74.15 up more than 50.10%
The digital Zcash project has unveiled a new non-profit foundation dedicated to support the anonymous cryptocurrency's market.
The Digital Zcash Foundation will now be flowed with 273,000 Zcash, according to CoinDesk.com and this is worth more than $13m at press time.
As part of the network's rules, 10% of the cryptocurrency's mining rewards are automatically awarded to stakeholders.
Zcash Company CEO and project co-founder Zooko Wilcox expects to donate half of his "founders reward" to the entity.
Wilcox said
"In the long run, it is necessary for there to be an independent, inclusive, non-profit body to steward the technology in the interests of all."
Is this the main reason Zcash has shot up over the past 24hrs at and all time high this year?
Who knows, lets keep track!
Regards
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Up to 82 Dollars now! Its looking strong!
See I never thought Dash or Z cash would ever get up that high. Maybe I need to look into what is easier for the customer to use.
I personally mine DASH with GM it pays for it self in 5 months at current market state then there is just 18-19 months of payments to invest with.
GenesisMining?
If so I'll have to look into it. I might try and focus on dash, but I don't see where dash will be in five years
yes on Genesis mining, i am just upgrading DASH at the min, am getting .12 DASH per day with 320 M/H.. so it works out around over 3 DASH per month so i would recommend if you have G/M then up grade that for now. Hope this helps
So this means that there will always be 10% dedicated mined zCash that miners will never receive?
Thats a bit sketchy no?
Totally agree mate! Looks that way
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