Zcash Creator Donates Company Trademark to the Zcash Foundation
Helen Partz's original article for cointelegraph.com reduced by 54%
Electric Coin Company has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash in 2016, and will now own the trademark bilaterally with the corresponding foundation. ECC and the Zcash Foundation have been in negotiations since AugustUpon 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.
The firm said Zcash's trademark protects the community from scams and brings legal power to Zcash's blockchain governance. The Zcash Foundation noted that the agreement maintains interoperability with standard legal and business frameworks.
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