Zcash Developer Threatened with Hardfork

As reported, Maintainer of the Windows zcash wallet software, D. Jane Mercer, was going to cease development of the clients
22 June 2018   39682

One of the developers of software for Windows-wallet of ZCash threatened to implement the hardfork of this crypto, if he will not be compensated. This is reported by CoinDesk.

According to Jane Mercer, last year he worked on a voluntary basis and lived for donations, and sometimes he had to work for free. After he ran out of funds, he decided to resort to threats to end his activities and "split" the network.

The Zcash community did not ignore this incident, and for a short period, Mercer's wallet received several anonymous transactions amounting to 80 ZEC (about $ 15,000). According to the developer, with threats he wanted to express his disappointment.

As reported, if Mercer stopped developing software for the ZCash wallet, which is installed in tens or even hundreds of thousands of users, customers couldn't use it after the upcoming network updates.

I finally got one of the Zcash Foundation board members on the phone, and he managed to talk me back from the ledge from chain fork threats and fun things like that. I'm all calmed down, everything is happy now, I hate altcoin drama and it's the only time I have stirred it up deliberately in my life.

Jane Mercer

Developer, Zcash Foundation

Overwinter update for Zcash is planned for 25th of June.

ZCash Devs to Create ZEC For ETH Blockchain

ECC, creators of Zcash, believes this may expend their token's popularity and give more people an ability to try Zcash's benefits
14 October 2019   53

The developer of the ZCash cryptocurrency company Electric Coin Company (ECC) will issue a “boxed” ZEC token for the Ethereum blockchain. This was announced at the Ethereum Devcon5 Developer Conference by ECC Vice President of Marketing and Business Development Josh Swihart, CoinDesk reports.

According to him, a new token will be issued in the next six months. It is expected that it will provide enhanced functionality for the use of automated loans and financial products.

Subsequently, the new version of ZEC will be able to help ensure confidentiality in smart contracts to hide information about its members.

One of the most likely reasons for the integration of ZCash and Ethereum is ECC's attempt to expand the audience of users focused on the confidentiality of the coin through the market for decentralized financial instruments.

According to DeFi Pulse, Ethereum-based digital assets worth more than $ 553 million are blocked in DeFi applications. At the same time, ZCash’s popularity has not increased over the past year.

Swihart said the goal is now to turn zcash into a platform developers can build on “for all of the DeFi applications” .

If you want to do lending, if you want to do DAOs [decentralized autonomous organizations], all of that stuff could be done with zcash as well. … Ultimately, we want zcash shielded [addresses] to be usable in ethereum smart contracts.

Josh Swihart

Vice President of Marketing and Business Development, ECC

Nevertheless, ensuring cross-chain compatibility can only be a temporary solution, as it is unclear how this will work in Ethereum 2.0. In addition, such plans mean years of research and development, said James Prestwich, co-founder of Summa.