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Altcoins & DeFi

Grayscale credits Zcash’s 20% developer funding with a decade of innovation

Image: Crypto Briefing

The asset manager argues that Zcash's built-in budget for builders has powered years of privacy tech progress ahead of the NU7 upgrade Grayscale is making the case that Zcash ’s most underrated feature isn’t its privacy tech. It’s the paycheck. The asset manager says Zcash’s practice of routing 20% of block rewards to developers has supported a decade of innovation on the network. Every time a new block is mined on Zcash, freshly created ZEC gets distributed. Under the structure Grayscale highlights, miners keep 80% of block rewards. The remaining 20% is set aside for development and ecosystem work. That 20% is further divided. According to the research findings, 8% of rewards goes to community grants, while 12% flows into a development fund lockbox. The lockbox is the interesting part.

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