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Taking donations for Xcash

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Today, Zcash community member hloo announced Ycash, advertised as the first “friendly fork” of Zcash. The friendly fork is originally a Zooko construction, with him noting that, distinct from most other chain forks, a friendly fork results when there’s one persistent blockchain and no schism in the community.” data-reactid=”23″>Today, Zcash community member hloo announced Ycash, advertised as the first “friendly fork” of Zcash. The friendly fork is originally a Zooko construction, with him noting that, distinct from most other chain forks, a friendly fork results when there’s one persistent blockchain and no schism in the community.

Ycash presents 3 major changes to Zcash:

1. Ycash will reduce the Founders Reward rate from 20% to a perpetual 5%, which will exactly preserve the original 21 million coin cap on the Founders Reward.

2. Ycash will direct the remaining Founders Reward to a newly formed nonprofit named the Ycash Foundation.

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