Zcash co-founder proposes ending grants funding
Zcash co-founder Sean Bowe has proposed ending grants funding, citing a $125 million treasury. Under the plan, the committee's 8% share of newly created ZEC would go to a reserve for future miners. Traders may watch this because it changes how new ZEC supply is allocated, though the committee would keep money it already received.
Why it matters
- Newly created ZEC that would go to the committee would instead fund a reserve for future miners.
- The plan would end the committee's grant spending from its 8% share of new ZEC.
- Money the committee has already received would stay with it under the proposal.
What to watch next
Watch for a formal decision on the proposal and any update on how new ZEC is allocated.
