In a forum post published Tuesday, the sole maintainer of the Windows zcash wallet software, D. Jane Mercer, said he was going to cease development of the clients and release a zcash competitor "Rebranded as another coin," if he didn't get further funding for his work.
That's because the Overwinter upgrade is scheduled to activate on June 25, but more importantly, that upgrade only adds limited features to zcash's protocol in an effort to prepare it for the Sapling hard fork upgrade, which looks to make zcash more scalable and private, in October.
If Mercer stopped development on the Windows wallet software, the most popular zcash wallet software, "Tens to hundreds of thousands of users" would have been left without a workable wallet after the Sapling upgrade.
The zcash community quickly stepped to financially support the developer after the threat - at least for a little while.
The amount donated to Mercer by several anonymous zcash addresses is currently at 80 ZEC, around $15,360, according to current metrics.
Zcash isn't able to support multiple iterations of the protocol, even if, after Overwinter, it will.
While zcash developers were quick to counter that, saying that after Overwinter, older versions of the software will just be pushed into "Safety mode," which causes those versions to deprecate at some point without causing a chain split, Mercer still had the community in a tight spot.
Still the episode has sparked an important conversation between Mercer and the Zcash Foundation - one that other cryptocurrency communities should be clued into as well - about how crucial independent developers are to these protocols and how to best compensate them for their work.
The Zcash Foundation, which hard-coded in a so-called "Founder's fee" that contributes a small percentage of each transaction to the founders fund, has a recurring grant program.
On a forum, executive director of the Zcash Foundation Josh Cincinnati said the organization is open to researching other funding methods as well.
Zcash Pays Off Angry Developer to Avoid Blockchain Split
gepubliceerd op Jun 22, 2018
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.