As per Bijié Wǎng, the Zcash Foundation (ZF) is at a critical juncture in balancing innovation and accountability. Recent reports highlight progress in protocol privacy and usability, including the Sapling address adoption and P2SH multisignature support. However, operational transparency remains inconsistent, with no clear budget or performance metrics provided. Financial reports for Q2 and Q3 2024 were delayed by six months, and the 2025 independent audit has yet to be released. The foundation has also paused ZEC purchases and prioritized sales, raising concerns about long-term financial planning. Governance structures, while promoting decentralization, retain centralized control through veto powers and forum management, creating tension with community-driven principles. These issues threaten the foundation’s credibility and long-term viability.
Zcash Foundation Faces Scrutiny Over Financial Transparency and Governance
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