$40k Donated By Zcash To Private Messaging Developer

The company behind privacy-based cryptocurrency Zcash, has just donated $40k to a private Canadian messaging developer. A decentralised metadata-resistant messenger, The Open Privacy Research Society has just recently received more than 1k ZEC tokens from Zcash.

The organisation announced the news earlier this week on December 3rd. 

As per CoinTelegraph and as described by Open Privacy:

“Cwtch is a platform for building decentralized infrastructure based on metadata-resistant communication applications. Derived from a Welsh word meaning ‘a hug that creates a safe space,’ Cwtch is an extension of the metadata-resistant protocol Ricochet to support ‘asynchronous multi-peer group communications via discardable, untrusted, anonymous infrastructure.’”

Anonymous payments 

On top of this, Open Privacy is also going to be providing users on the Cwtch platform with anonymous payment options. With this in mind, the company has integrated a prototype, beta-like system that relies on Zcash Foundation’s crypto wallet, ZecWallet.

The announcement continues saying that Open Privacy wrote that Zcash is one cryptocurrency that can directly provide a way to transmit some significant data along with payment and wouldn’t compromise the metadata goals of Cwtch. 

That being said, the Zcash-based prototype doesn’t give users the ability to spend tokens as it was only written to demonstrate Zcash implementation as Open Privacy highlighted.

Price

In terms of price, the privacy coin is currently priced at $27.16 following a 0.11% decrease in value over the last 24 hours. The Zcash token is still placed as the 33rd biggest cryptocurrency in the world.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!