On July 19, according to explorer.zcha data, at 10:34:51 this morning, Zcash successfully forked out Ycash at a block height of 570,000. When the fork was completed, the price of Zcash was temporarily reported at US$77.86, a 24-hour increase of 4.26%. 1. “Friendly fork” It is understood that after Howard Loo's new project Ycash was proposed, it received full support from Zcash founder Zooko Wilcox. On May 24 this year, Zcash founder Zooko Wilcox tweeted that Ycash is a "friendly fork" of Zcash. Zcash founder Zooko Wilcox backs Ycash 2. The dilemma and solution of Zcash <br />When Ycash was launched, the plan specifically mentioned one point: “Ycash is also to fulfill a promise - the Zcash founder reward will never exceed 2.1 million.” In fact, as the Zcash project develops, the original deadline of “20% of the mining rewards in the first four years will be allocated to the founders (founders, investors, employees and consultants)” is approaching. According to the plan, around November 2020, when block 570,000 is mined, the supply of Zcash will be halved and the reward for the founder will be cancelled. |
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