Zcash’s $125 million funding fight widens as Tyler Winklevoss calls to end its ‘USAID’

1 hour ago 5



Zcash faces competing proposals to scrap or extend developer subsidies as growing investor interest swells the privacy network's funding reserves.The debate intensified after Zcash co-founder Sean Bowe proposed ending automatic payments to Zcash Community Grants (ZCG), arguing that the program already controls enough resources to finance years of development without additional subsidies.His proposal has drawn more aggressive demands from ZODL founder Josh Swihart, Gemini co-founder Tyler Winklevoss, and other ecosystem participants, while a rival plan would preserve reduced development funding until 2036.The disagreement comes as Zcash approaches its 10th anniversary on Oct. 28, with renewed institutional interest and rising private transaction activity increasing scrutiny of how the network allocates newly created ZEC.Zcash's $125 million treasury triggers calls to dismantle grants programIn an Oct. 26 draft proposal, Bowe called for redirecting ZCG's 8% share of block rewards into the Network Sustainability Mechanism (NSM), a protocol reserve that would eventually support future block rewards. Bowe said on X:“It's time to turn off the ZCG funding stream.”He added that ZCG has mor...

Read Entire Article









피플앤툴즈 네트워크
🛍 샵