Zcash governance proposal would redirect $124M as critics question oversight

A Zcash governance proposal would redirect about $124 million in ZEC toward future mining rewards, but prominent critics argue that shifting funds does not resolve questions about who controls the money. Zcash Community Grants (ZCG) is offering to reduce its treasury and future allocations while extending a smaller funding stream through 2032. A proposal from ZCG would shift 36,200 ZEC out of its treasury, which currently holds roughly 91,500 ZEC, and into the Network Sustainability Mechanism (NSM), a fund set aside for upcoming mining rewards. Should this pass, around 55,200 ZEC would remain with the committee, worth about $70 million as of this writing. The group would also surrender about 62,000 ZEC , valued at $78.5 million, in future allocations. Together, the changes would redirect approximately 98,000 ZEC.

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