Altcoins News

Story: Zcash (ZEC) Funding Through ZOMG and Zconlite Ongoing for Privacy Lovers

By Steven Anderson

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The Zcash Foundation’s third annual conference, zconlite for users who are interested in privacy and crypto talks is ongoing. For those wondering why does it matter?

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Opening statements were from Jack Gavigan, Exec Dir at Zcash Foundation. Big themes like ZOMG grants, UDA/ZSAs and shielded programmability are covered.

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Elena Sofia expressed: All the panelists agree - there is an urgency to develop this on Zcash.

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Ian Miers:  Zcash doesn’t exist in a vacuum.  We will have to compete with ZK-stablecoins and shielded assets not on Zcash. We don’t get to wait.

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What are the most valid options for implementing UDAs/ZSAs from a technical perspective?  We already know how to do this, we already have the code and now thanks to Halo we…

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If we have shielded assets, we’ll create an incentive for ecosystem partners to take up shielded adoption.  If we have shielded only assets, we get customer demand.

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Matt Luongo expressed:  “Fortune favors the bold.  You guys have the best team and community to do this.

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What are the biggest obstacles from a startup perspective? “I approach all these problems from a pragmatic startup POV. Is there product-market-fit? Do users actually want this?

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Peter Van Valkenburgh:  This is open-source development, FOLKS! It’s rough & tumble. You got to be bold and you got to be fast.

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Why are UDAs so powerful? I like to see competition amongst monies, I am a Hayekian in that sense.

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Is the “top heavy” effect a valid concern? J.R. Willett - “depends on how you set up the economics.” “The underlying asset tends to benefit when the UDA increases in value...

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Also, there are open positions on the ZF board. Members of the Community Advisory Panel can nominate candidates (and/or nominate themselves).

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Those who are interested should follow zconlite. Also, Aastrong active and engaged community represents a force-multiplier for Zcash.

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