Zcash Community Grants Abandons Its Own Funding Cut, Leaves Dev Fund’s Future to Governance

Zcash Community Grants (ZCG) , the committee funded by 8% of Zcash’s block rewards, has abandoned its own plan to shrink that funding and return some of its ZEC holdings to the network. The committee wrote in a forum post late Monday that it had “decided not to take this proposal forward,” four days after floating it. ZCG offered one line of explanation, that “the conversation has moved quickly since then,” and put forward no replacement. The committee wrote in the same post that “the future of the Dev Fund and ZCG’s treasury is for the community to decide through Zcash’s usual governance process,” without naming a specific process or timeline. A forum moderator closed the thread on Tuesday morning.

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