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Gemini founder donates 3,221 ZEC to support Zcash privacy technology upgrade
【ChainNews】Gemini co-founders Tyler and Cameron Winklevoss are making significant moves. The two have donated a total of 3221 ZEC to Shielded Labs, worth approximately $1.2 million USD. What will this money be mainly used for? To support several core R&D projects including the Zcash Network Sustainability Mechanism (NSM), Crosslink cross-chain protocol, and dynamic fee system.
In fact, the brothers have always been very committed to the philosophy of privacy coins. Earlier, Gemini was the first to support ZEC’s Orchard privacy withdrawal feature, and now they have made a second round of donations. The goal is very clear — to promote the decentralization process of Zcash and to advance privacy technology more steadily and further. From exchange executives to technical supporters, this donation also reflects the industry’s confidence in the future direction of privacy protocols.