Market Structure

Money 2.0 Stuff: Fork this newsletter to take my salary

Quick Take

  • A new Zcash fork, Ycash, was proposed to extend the Founders Reward
  • Ycash is focused principally on maintaining the 21 million cap, though it has rolled in other opinionated changes
  • A new RFC was proposed making significant changes to the 0x protocol, giving it work token-like characteristics

Taking donations for Xcash

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.