Zcash Pays Off Developer to Prevent Blockchain Split
D. Jane Mercer, the sole developer of Zcash’s windows wallet software, had threatened to halt further development of the clients and release a Zcash competition if he is not paid for his work.
The software developer who had previously being living off developer fees and donations for his work on the clients, reported on Tuesday that he has ran out of money and has been working for pro-bono for some time. Mercer had then threatened to split the network as a way to show his frustration and possibly receive funding from the community.
It worked out for Mercer who ended up receiving 80 ZEC, which is worth around $13,000. In a statement to CoinDesk, Mercer said that “People have thrown enough in the kitty for a few months living expenses, so that’s all well and good.”
The Overwinter upgrade for Zcash is set to release on June 25 and in that upgrade it only adds a limited number of features to Zcash’s protocol as it is prepares for the Sapling hard fork upgrade in order to achieve further scalability and privacy.
If Mercer halted development of the Windows wallet software, which is the most popular Zcash wallet software, it would leave over a hundred thousand users without a workable wallet after the Sapling upgrade.
This situation does raise the issue of how developers get funded especially as the cryptocurrency markets continues to decline, leaving individuals with far less money. Zcash has been one of the hardest hit coins, currently trading at $168 after reaching its peak at $876 in January.
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