Zooko Wilcox pushes for a new developer fund to support Zcash

Zooko Wilcox, CEO of Electric Coin Company, the organization behind Zcash ($ZEC) development, has proposed the creation of a new “Dev Fund” to support the future operations of the privacy-focused asset, CoinDesk reports. In a lengthy open letter posted to Medium on Wednesday, Wilcox said:

“I hope that the community will decide to renew the ‘Dev Fund’ structure, allocating coins from future block rewards for core support functions such as software development, user support, business development, regulatory and government outreach, security auditing and monitoring, educational and marketing initiatives, new protocol development, and so forth.”