ecc trademark zcash
Creator of Zcash Donates Trademark Ownership To Zcash Foundation
November 11, 2019
ecc trademark zcash
Creator of Zcash Donates Trademark Ownership To Zcash Foundation
November 11, 2019

Electric Coin Company (ECC) recently donated the Zcash trademark to the Zcash Foundation and will now own the trademark bilaterally with the foundation.

ECC created and launched the private cryptocurrency Zcash (ZEC) in 2016.

On Nov. 6 an agreement was signed by Zcash Foundation revealing that it will be responsible for protecting the trademark bearing all costs associated with it.

The Agreement Maintains Interoperability With Standard Frameworks

Zcash Foundation mentioned on the existing disagreement with ECC regarding the future of the trademark.

ECC says that the trademark agreement is significant as it separated one product from the other while maintaining a reputation. It added that the trademark of Zcash brings a legal power in the blockchain governance of Zcash while protecting the community from scams.

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Zcash Foundation noted that the agreement maintains interoperability with standard legal and business frameworks.

In October, cryptonewspoint reported that Zcash (ZEC) is seeking access to Ethereum’s decentralized finance (DeFi) ecosystem.

Source: Zcash Foundation | Image: Cryptocurrency Market


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