Paradigm, a venture capital and blockchain research firm, warned against Zcash’s coinvoting mechanism, stating it introduces unpredictability that could harm its long-term reputation as a monetary asset. The Dev Fund, which absorbs 20% of block rewards, is the subject of intense debate within the community. Despite this governance crisis, ZEC reached a record high near $1,400 this week, driven by massive $18 million single-whale accumulation and $26 million in short position liquidations. The Lockbox, which receives 60% of the Dev Fund, holds approximately $37 million.
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