The Zcash Foundation has received the trademark for the term Zcash via the Electic Coin Company (ECC).
Interestingly, the ECC had built Zcash back in 2016, and will now share ownership over the trademark with the Foundation.
This news comes to us via an agreement the two signed earlier this week, though it’s worth noting that the Zcash Foundation will now be responsible for paying for any costs related to the trademark.
According to a blog post from the company, this will assure that the Zcash ecosystem can “flourish.”
“With the signing of this agreement, and the Foundation’s ongoing work on a consensus-compatible alternative node, the power dynamics of Zcash are more decentralized. The protocol itself is substantially more resilient. This is something to celebrate as the ecosystem continues to grow and mature,” reads the post.
Apparently, the two companies had argued in the past over the future of Zcash, and the two of them have finally come to an agreement after halting discussions back in August of this year. Now, the company will be able to further decentralize themselves, and expand the work to more spaces around the world.
“It provides a balance of power over what counts as “Zcash” or “ZEC,” while maintaining interoperability with standard legal and business frameworks. We are grateful for the Zcash community’s patience, and happy to reach a joint solution with ECC,” reads the post.