Zcash developers propose ending ZCG funding, moving 50,000 ZEC

Tachyon Group and Shielded Labs have proposed cutting off Zcash Community Grants’ future funding and requiring a 50,000 ZEC treasury donation, while keeping the program open to support new grants. Summary ZCG’s 8% block subsidy allocation would move into a separate development and legal defense lockbox. The committee would retain its remaining treasury and continue funding community projects. A 50,000 ZEC donation would be due within 30 days of community acceptance. Redirecting future funding would require a network upgrade after NU7. Zcash co-founder Zooko Wilcox announced the joint proposal on Oct. 30, describing a compromise developed by Tachyon Group, led by cryptographer Sean Bowe, and Shielded Labs. Their plan would preserve ZCG’s grantmaking work while ending the automatic funding that has helped build its treasury. The draft names Bowe, Wilcox, and Shielded Labs’ Jason McGee as its owners. Created on Oct. 29, it remains an unassigned Zcash Improvement Proposal, with no activation date set. Tachyon Group (led by Sean Bowe) and Shielded Labs just posted a proposal to end future funding of the Zcash Community Grants program and reduce its treasury. ⤵️— zooko🛡🦓🦓🦓 ⓩ (@zooko) Oct...