Back

Zcash Foundation Highlights Privacy and Decentralized Governance in Latest Statement

The Zcash Foundation reiterated that Zcash remains a decentralized, open-source protocol with network operations and privacy unaffected by the formation of a new entity by ECC.

ZEC

Summary

The Zcash Foundation reaffirmed that Zcash remains a decentralized, open-source protocol, with network operations, block production, and user privacy unaffected by the formation of a new entity by the Electric Coin Company (ECC). The foundation emphasized the stability and continued decentralization of the Zcash network.

Terms & Concepts
  • Zcash: A privacy-focused cryptocurrency that allows users to conceal transaction details using advanced cryptography.
  • Decentralized governance: A decision-making system where control is distributed among participants rather than centralized entities.
  • Node operators: Individuals or groups running servers that maintain the blockchain network’s operations and verify transactions.