Paradigm: Coin Voting Could Undermine Trust in Zcash as a Monetary Asset
- —The Dev Fund receives 20% of all Zcash block rewards
- —60% of the fund goes to the Lockbox, which holds about $37 million
- —ZEC rose 30% in a week to a record $1,396
- —Garrett Jin lost $26 million on a ZEC short
Why it matters: The dispute over Zcash's governance mechanism could affect investor confidence in ZEC and the sustainability of its rally.
Source: AMBCrypto