Zcash Co-Founder Wants to End Grants Funding Stream

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Zcash co-founder Sean Bowe has proposed halting the automatic 8% ZEC allocation to Zcash Community Grants, citing a treasury of about $125 million. TLDR Zcash co-founder Sean Bowe has proposed ending the automatic 8% share of newly created ZEC that goes to Zcash Community Grants (ZCG). Bowe estimates the program holds about $125 million after existing commitments, using an illustrative ZEC price of $1,300. The redirected funds would go to a reserve for future mining rewards, while ZCG would keep what it already has. The proposal comes amid criticism of a ZCG-funded outreach program at an adult-industry convention, though Bowe’s draft does not mention it. Zcash co-founder Sean Bowe has called for an end to automatic funding for the privacy network’s community grants program. He argues the treasury is now large enough to cover years of spending without any new money flowing in. His draft proposal, published late Monday, would stop the automatic allocation and send ZCG’s 8% share of newly created ZEC into a reserve for future miners. The committee would keep its current assets and conti...