RATE Group | Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS
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Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS

26 Dec Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS

Posted at 21:16h in Cryptocurrency News by

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Privacy-focused cryptocurrency Zcoin (XZC) has launched a new crowdfunding system similar to one by another major privacy coin, Monero (XMR).

In a Dec. 26 blog post, Zcoin announced the launch of the Zcoin Crowdfunding System (ZCS), a new platform that is designed to serve as shift from direct funding from block rewards to a donation model.

ZCS to help Zcoin to further decentralize the project and fund additional initiatives

The new ZCS system will help further decentralize the project in line with the company’s vision of a privacy-focused cryptocurrency, Zcoin’s project steward Reuben Yap said in the announcement. The executive noted:

“As a privacy project, decentralization is essential for long term sustainability which includes governance and funding. While a block reward has served us well in building the foundations of Zcoin it can result in over-reliance on the core team.”

Specifically, the ZCS system enables participation from any community members who can propose, approve…

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