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Zcash co-founder proposes ending grants funding, citing $125 million treasury

Zcash co-founder proposes ending grants funding, citing $125 million treasury
AI summary

Zcash co-founder Sean Bowe has proposed ending the grants committee's funding, redirecting its 8% share of newly created ZEC into a reserve for future miners. The committee would retain funds it has already received, and the proposal cites a $125 million treasury. The change would alter ZEC's issuance allocation, which matters to holders tracking supply and protocol governance, though it remains a proposal rather than an enacted change.

Narrative history
3 linked stories · 4 outlets · since 27 Oct
  1. 2H AGO
    Bitcoin.com News · Score 25 · via Zcash co-founders, $125M
  2. 4H AGO
    Cointelegraph · Score 25 · via $125M, Zcash co-founder
  3. 7H AGO
    crypto.news · Score 35 · via Zcash co-founder, co-founder proposes
  4. 7H AGO
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    Zcash co-founder proposes ending grants funding, citing $125 million treasury
    CoinDesk · Score 25
Most read · 72h