Winklevoss twins call for Zcash grants committee to be scrapped

Gemini founders Cameron and Tyler Winklevoss have called for Zcash to scrap its community grants committee and give ZEC holders more control over funding decisions, as disagreements over the program’s $125 million treasury continue to grow. Summary Cameron and Tyler Winklevoss have called for Zcash to scrap its community grants committee, arguing that ZEC holders should have a direct say over how development funds are distributed. Tyler Winklevoss has accused the committee of lacking accountability and questioned its handling of a treasury that Zcash cofounder Sean Bowe recently valued at more than $125 million. The dispute has divided community members, with some defending the grants program as an important source of development funding while others want its current structure replaced. Zcash already has a separate coinholder voting program that receives 12% of block rewards, while the community grants committee controls another 8% allocated to ecosystem development. Sean Bowe has proposed redirecting the committee’s share of block rewards toward a network sustainability mechanism, although no changes to the existing funding arrangement have been approved. In an October 30 post on ...