Zcash leaders propose ending ZCG’s 8% block rewards, $61 million to be burned

Zcash founder Zooko Wilcox and cryptographer Sean Bowe, who heads the cryptography firm Tachyon Group, have jointly backed a new proposal to significantly reduce the Zcash Community Grants (ZCG) program’s access to block rewards. This plan follows rising debate on social media platform X and the project’s official forums about the growing size of ZCG’s holdings. The draft Zcash Improvement Proposal (ZIP), developed by Bowe’s team and Zooko’s research organization Shielded Labs, seeks to end ZCG’s entitlement to 8% of future block rewards through an upgrade following Zcash network update NU7. If approved, the redirected funds would be placed into a newly created Future Dev and Legal Defense Fund, which would remain locked until a later proposal determines how it should be allocated.

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