# Zcash Foundation Weekly Update (August, 2019) **URL:** \ **Category:** Zcash Foundation\ **Created:** [August 18, 2019, 12:37am UTC](https://forum.zcashcommunity.com/t/zcash-foundation-weekly-update-august-2019/34550 "2019-08-18T00:37:26Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![sonya](https://sea2.discourse-cdn.com/zcash/user_avatar/forum.zcashcommunity.com/sonya/32/9518_2.png) [@sonya](https://forum.zcashcommunity.com/u/sonya)\ **Post date:** [August 18, 2019, 12:37am UTC](https://forum.zcashcommunity.com/t/zcash-foundation-weekly-update-august-2019/34550/1 "2019-08-18T00:37:26Z")
Originally sent [as a newsletter](https://buttondown.email/zcashfoundation/archive/zcash-foundation-weekly-update-august-2019/). * * * Happy Saturday! It’s been a busy couple of weeks, so here’s a rundown of links without much fuss. ## Two Happy Notes First: ZF hired [Chelsea Komlo](https://twitter.com/chelseakomlo)! She has joined the Foundation [as a core engineer and researcher](https://www.zfnd.org/blog/welcome-chelsea/). Second: Defcon went well. Our thanks to everyone who came out to say hello, and especially to the Monero Village organizers! ## Governance What will be the future of Zcash development funding? We’re continuing to figure that out. ECC and ZF have written several important statements: - [“Electric Coin Company Statement on Sustainability”](https://electriccoin.co/blog/electric-coin-company-statement-on-sustainability/) - [“Zcash Foundation Guidance on Dev Fund Proposals”](https://www.zfnd.org/blog/dev-fund-guidance-and-timeline/) - [“A Blank Slate: The Community to Decide its Future”](https://electriccoin.co/blog/a-blank-slate-the-community-to-decide-its-future/) (ECC) Zcash community member [@kimziv](https://twitter.com/kimziv/status/1159159901756649473) wrote a Chinese translation of ZF’s guidance, available on [Steemit](https://steemit.com/zcash/@kimziv/zcash) and [Bihu](https://bihu.com/article/1459548915). Blocktown Capital wrote [“Proposal for the Zcash 2020 Network Upgrade”](https://medium.com/blocktown/proposal-for-the-zcash-2020-network-upgrade-fcd320a5d6f5), which was discussed on [Twitter](https://twitter.com/JamesTodaroMD/status/1161720135956213761) and the [Zcash Community Forum](https://forum.zcashcommunity.com/t/proposal-for-the-zcash-2020-network-upgrade/34503/51). [@CloudedLogic](https://twitter.com/CloudedLogic/status/1162193345667653633) wrote [“Zcash Dev Fund Suggestion.”](https://medium.com/@cloudedlogic/zcash-dev-fund-b087b1507a31) Also, the [list of proposals](https://forum.zcashcommunity.com/t/future-of-zcash-dev-funding-high-signal-low-noise/34179) has been updated again! Make sure to check out the new ones. ## Zcash Ecosystem Highlights Exciting new campaign on ZF Grants: [ZecWallet Desktop Light Client](https://grants.zfnd.org/proposals/1726546144), a shielded-first light client with “the exact same functionality of the desktop ZecWallet UI, except it uses the light client protocol to avoid downloading the entire blockchain.” ![Overall Architecture](https://global.discourse-cdn.com/zcash/original/2X/8/880586a70a71716ed06bf494f597fc199c631826.png) * * * Coinbase UK delisted Zcash after being [dropped by Barclays](https://www.coindesk.com/barclays-is-no-longer-banking-coinbase): > Earlier this week, Coinbase de-listed zcash, the privacy-centric cryptocurrency, which uses a technology called zero-knowledge proofs to mask details of transactions from blockchain watchers. A person familiar with the decision said it was “completely to do with the new bank”; ClearBank was uncomfortable indirectly supporting a currency with features that make law enforcement’s job harder. ECC head of marketing and business development Josh Swihart [remarked on Twitter](https://twitter.com/jswihart/status/1161324160838033408): > In our conversations, regulators see the importance of encryption to individual, business and national security. If they can see blockchain txs, everyone can. @Gemini is highly regulated. They support Zcash in the UK. The Coinbase decision is not related to regulation. > * * * More delightful coverage of the [Crypto Community Project](http://cryptocommunityproject.com/), which was highlighted in our [previous ZF update](https://buttondown.email/zcashfoundation/archive/zcash-foundation-weekly-update-july-29-august-2/) 💖 - [“From Ghana to the Bronx, These Teen Bitcoiners Are Building the Future”](https://www.coindesk.com/from-ghana-to-the-bronx-meet-the-teen-bitcoiners-building-the-future) — Leigh Cuen for CoinDesk - [“Unbanked In NYC: How A Schoolteacher Is Bringing Cryptocurrency To The South Bronx”](https://cryptobriefing.com/defi-unbanked-south-bronx/) — Sarah Rothrie for Crypto Briefing * * * Until next time! As always, feel free to respond with questions or comments.