Zcash Creator Donates Company Trademark to Zcash Foundation

Must Read

Kraken The Crypto Exchange Adds Support for Tezor Staking

Cryptocurrency exchange Kraken is launching support for Tezos (XTZ) staking, according to an announcement published on Dec. 11.

Santander Redeems $20 Million Bond Using Ethereum Blockchai

Spain’s multinational banking giant Banco Santander has just redeemed a $20 million bond using the Ethereum blockchain.

Ethereum Istanbul Hard Fork Got Support From Major Exchanges

Following the successful Ethereum Istanbul hard fork update, several popular exchanges have announced their official support for...
- Advertisement -

Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding foundation.

ECC and the Zcash Foundation have been in negotiations since August

Upon an agreement signed on Nov. 6, the Zcash Foundation will be financially responsible for costs associated with assigning and protecting the trademark.

Announcing the news, the Zcash Foundation mentioned the existing disagreement with ECC over the trademark’s future. The foundation noted that it returned to negotiations with ECC after failing to reach an agreement in late August 2019, during the Zcash Community Forum.

ECC logged over 500 hours and spent $250,000 on the trademark

ECC explained that the trademark agreement is important because it protects reputation and separates one product from another. The firm said Zcash’s trademark protects the community from scams and brings legal power to Zcash’s blockchain governance.

According to ECC, the donation lets them solve two basic problems — to honor and support the Zcash community’s feedback, and to further decentralize the organization. The Zcash Foundation noted that the agreement maintains interoperability with standard legal and business frameworks.

Coinworld360 reported in October on a potentially malicious counterfeit version of Zcash Foundation’s native ZecWallet. The agreement by ECC and the Zcash Foundation demonstrate their commitment to prevent such cases.

- Advertisement -
- Advertisement -

Latest News

11 Years Ago Today Satoshi Nakamoto Published the Bitcoin White Paper

Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or...
- Advertisement -

ArBinance is Changing the Crypto Arbitrage Game with the Click of a Button

ArBinance is a professional arbitrage trading platform that aims to revolutionize cryptocurrency trading by allowing its users to conduct crypto arbitrage through...

SmartMixer is Making Bitcoin Mixing Easier for a New Generation of Users

SmartMixer is Making Bitcoin Mixing Easier for a New Generation of Users SmartMixer.io is a new bitcoin mixing service especially geared toward...

Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST

Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST Vienna-based fintech Bitpanda...

Bitpanda digitizes physical gold and silver

Vienna, 13 May 2019 – Vienna-based fintech Bitpanda launches gold and silver trading for its 1 million users. The new...