This is our fortnightly engineering update which happens after the conclusion of each 2-week engineering sprint. You can check out
last week’s update for recent news on community and communications.
Since this week has been taken up by a lot of travel and prep for Zcon1 (hello from Croatia!), this will be a special edition to feature a lot of the forum activity around NU3 and dev fund discussions!
As part of the Zcash Improvement Proposal and Network Upgrade Pipeline, the Electric Coin Company (ECC) is publishing our assessments of proposals, our official stance on proposals, and our commitment of company resources to proposals for the Network Upgrade 3 (NU3), due to activate in April of 2020.
About Feature Selection
For each ZIP, within ECC, we answered these questions:
Is the ZIP sufficiently specified, such that it could be successfully implemented in NU3?
Do we believe the…
Hello there Zealous Zcashers,
I just posted about
ECC’s NU3 Feature Selection and now that we have a plan for NU3 features, it’s time to find a thematic code name.
Let’s hear people’s suggestions and take an informal poll here to pick a name!
The previous protocol version names have all had a plant-development theme: Sprout → Overwinter → Sapling → Blossom → ???
Dev fund & NU4 ZIP proposal discussions
It all started here…
I’m going to start a new thread here to focus questions/thoughts about the future of Zcash.
Zcash is in a unique situation that has many questions that need to be answered in the next two years before the Founders Reward ends. This includes the question of what happens when the Founders Reward runs out, (ie: is there an extension/new fund?) but doesn’t stop there.
I step into my time machine
Now I’m in October of the year 2020. The halving has just happe…
Followed up by an attempted summary of funding ideas and sentiments…
ECC is paying attention to the discussions and proposals regarding post-Founders’ Reward development funding. As a result, we’ve collected all of the main proposals & sentiments. Most of these comments have come from
The future of Zcash in the year 2020.
I think the best focus for the discussion on this thread is to move towards formalized proposals for any consensus-critical changes into draft-ZIPs for NU4 (deadline August 31st). To sketch out a proposal, feel free to use what’s o…
And then a whole bunch of proposals from the community to check out…
I don’t know if I am doing this right, but
@paige and others said they would help flesh it out if needs be.
I propose that no adjustment is made to the current status quo of block rewards, I would like to add that their should be no protocol adjustment of redistribution of mining fees without explicit user consent.
I am not sure how this is an Improvement but - I just want it on record.
How do I champion this zip?
Thank you. and sorry if I got this wrong and this isn’t what I am supposed to …
different rules for likes in this section - click to expand.In my humble opinion liking this post, or any proposal post, is no indication of your support for or against this proposal. It is to encourage the poster to keep working on it, and to show that you have read it and are engaged in that topic at least on a thought level.
This is how I will be using and interpreting likes on a post. (this is not begging for likes, im just saying likes have a different meaning than the standard “I agr…
(Obvious) Problem: Block reward distribution to ECC, Zcash Foundation and others ends sometime in 2020.
Solution: Instead of simply extending the current mechanism of block reward distribution (only 80% going to miners)- this time enabling miners to (partial or full) opt-out of sharing their block rewards for dev fund. So, protocol can be changed to allow miners to signal sharing of their block rewards from MIN to MAX percentage.
MIN could be as low as 0%
MAX could be as high as 20%
Edit #1: …
Reposting here (if I’ve messed up please edit/delete)
I propose :-
Funding continues from block rewards at (XXX per block)
Funding follow a halving schedule (every XXX blocks)
Funding stops when it reaches block (XXX)
(Note: The amount per block and block numbers are blank, this is simply a proposal for the mechanism)
The dev funding issue will not have to be revisited every few years
Provides more support for short/near term activities
Provides incentives to work on adoption &…
Below I am copying my previous proposal from the
The future of Zcash in the year 2020 thread. Please post your thoughts if you have ideas on how to tweak this proposal to make it better. If I make any changes to this proposal based on comments in this thread, then I will note the edits in this post.
Here is the proposal:
20% split between company and foundation for years 5-8.
Only to be spent on research, development and adoption of zcash, no more funds to the early investors.
A mandate to …
And finally some other related discussions…
I have decided to put a stop to RandomX testing for a few days. In this time I intend to concentrate on trying to work out how to make a zip and all that.
As most of you know I am very pro not changing anything. However this is my opinion and not that of everybody’s. For this to function I have to embrace the ideas I hate as much as the ones that I think are the way forward.
So if you PM me [ALL PM’s WILL BE KEPT IN STRICT CONFIDENCE] with what you think and maybe a link to a post …
@moderators, @zooko, @nathan-at-least
Please may we have an extension on what gets included into NU4 regarding the development fund.
It is clear that across the community there is broad consensus that zcash will need continual funding. How and where this funding comes from and where it goes to is still a talking point.
When Shawn first raised this thread (about 7 months ago) Zooko stated that he felt it a conflict of interest for the ECC to get involved with the discussion of continual f…
Thanks to all who have been engaging recently on these topics!
We’ll be back in 2 weeks with your regularly scheduled Engineering update.