Zcash co-founders split over $125M grants fund as miners stand to gain

Zcash co-founders Josh Swihart and Sean Bowe are engaged in a public dispute over a Bowe-fronted proposal to cut off and reroute the 8% block reward pipeline that funds the Zcash Community Grants (ZCG) program. Bowe wants the reward slice to feed a network reserve instead. Why Bowe wants to “turn off” the ZCG stream Bowe argued in a Zcash Improvement Proposal draft shared October 26 on GitHub that the ZCG program already has deep enough reserves to continue operating without receiving its customary 8% cut of every block reward. “It’s time to turn off the ZCG funding stream,” wrote Bowe on X as he announced the proposal. He continued that “ZCG has over $125M in funding, and will receive millions more before the spigot is turned off.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.