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Money 2.0 Stuff: Fork this newsletter to take my salary

Arjun Balaji
ZcashHere is a very simple three-period model for cryptocurrency development financing: 1. A team raises money through some kind of fundraising process 2.The post Money 2.0 Stuff: Fork your mother if you want to fork appeared first on The Block.

Taking donations for Xcash

Today, Zcash community member hloo announced Ycash, advertised as the first “friendly fork” of Zcash. The friendly fork is originally a Zooko construction, with him noting that, distinct from most other chain forks, a friendly fork results when there’s one persistent blockchain and no schism in the community.

Ycash presents 3 major changes to Zcash:

1. Ycash will reduce the Founders Reward rate from 20% to a perpetual 5%, which will exactly preserve the original 21 million coin cap on the Founders Reward.

2. Ycash will direct the remaining Founders Reward to a newly formed nonprofit named the Ycash Foundation.

Join Genesis now and continue reading, Money 2.0 Stuff: Fork this newsletter to take my salary!