Electric Coin Company (ECC), the firm led by zcash creator Zooko Wilcox, officially shared the zcash trademark with the Zcash Foundation (ZF) on Wednesday.
Sources with knowledge of the trademark negotiations told CoinDesk talks were more complicated than either party originally expected, especially with regards to the mutual ability to veto trademark usage.
And while the branding issue may seem trivial to some observers, the process took months – becoming a bellwether of the privacy coin’s decentralized aspirations.
“It’s a novel agreement, for which there appears to be no precedent,” ECC announced Thursday, highlighting one provision in particular:
“No party has independent authority to declare that a specific chain of Zcash can actually be called Zcash. There must be agreement from both parties, and neither party can unilaterally override the will of the community.”
Wilcox told CoinDesk last week the zcash trademark negotiations were emotionally painful. He likened it to watching a baby bird leave the nest.
“As a person, I am devoted to zcash and can never stop working for zcash and all that it means for humanity,” he said. “As the ECC, of…
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Author: Leigh Cuen