Zcash Foundation is now public charity

According to official Twitter account, Zcash Foundation has been granted 501 (C) 3 status - it is now officialy a public charity
26 October 2017   920

The non-profit organization Zcash Foundation announced the receiving of a charitable organization status. As the representatives of Zcash Foundation insist, this makes it the first charitable organization which activity is aimed at improving Internet payments and creating an infrastructure that would ensure the privacy of user data.

The foundation received the status of organization 501 (c) (3), which provides exemption from some federal income taxes in the United States. Under the rules of the Internal Revenue Service (IRS), for example, organizations are exempted if their activities are pursued by charitable, religious, educational, scientific or literary purposes.

When we were working with our lawyers it was important to me and several of the other board members that we accurately describe our goals—especially with regard to scientific research and public infrastructure. These may be more difficult to explain, and the IRS may be initially less comfortable with those arguments for public goods, but we were more interested in the principle of the thing: online public infrastructure and the science that makes it safe and private are just as much public goods as roads, reservoirs, and clean air or water.
 

Peter Van Valkenburgh
Member of the directors board, Zcash Foundation

It is also noted that the organization will continue to deal with issues of education in the field of crypto-currencies, technologies that provide online privacy and computer networks that manage these tools. However, the Zcash Foundation will also support open scientific research in the field of evidence of zero disclosure and related cryptographic technologies, as well as assist in building a decentralized Zcash network as an open public infrastructure.

Tron and Zencash are Now accepted at Pornhub

The world’s largest adult entertainment websites Pornhub, now accepts cryptocurrency Tron as payment: this is significant for the newly independent Tron
27 June 2018   257

Tron was ran on the Ethereum blockchain in April 2017 but soon declared itself as a competitor to its progenitor. It then migrated to a Beta version of its own blockchain at the end of May. Tron`s value has been steadily falling since its migration.

TRON

TRON charts

Pornhub introduces major new marketplace for Tron. Working since 2007, the site issued its 2017 ‘year in review’ in January and the numbers are staggering. 81 million visits a day (or 28.5 billion a year), 25 billion searches performed (that’s 800 per second), 68 years worth of porn uploaded, and 3,732 petabytes of data transferred - “every 5 minutes Pornhub transmits more data than the entire contents of the New York Public library’s 50 million books.”

Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.
Corey Price
Pornhub VP

Another digital currency now accepted by Pornhub is Zencash, that is a fork of Zcash. Like it Zcash, Zencash is an anonymity-focused coin. Both they are similar but Zencash has additional features such as encrypted messaging and secure nodes - a small number of blockchain nodes that protect the blockchain from attacks, motivated to do so with a reward system similar to proof-of-stake. It has a market cap of $67 million (Zcash is at $682 million).

Pornhub was acquired by MindGeek in 2010. MindGeek is a Canadian pornography group that has been aggressive in its acquisitions over the last decade, according to Forbes, and now owns 8 of the 10 largest pornography websites. Tron has been making huge steps since its migration. It purchased software firm BitTorrent at the beginning of June for an amount which stays undisclosed but is reckoned to be well over $100 million. Some found this puzzling because BitTorrent is a file sharing website that is completely open source.

Tron Price at the Moment of Press: $0,039690 
Market Cap: $2 609 542 551
Volume (24h): $109 684 000