Zcash co-founder proposes ending grants funding, citing $125 million treasury
7 outlets · first seen 1d ago · latest 10h ago
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Datafirst seen
Zcash co-founder proposes ending grants funding, citing $125 million treasury
Sean Bowe’s proposal would send the committee’s 8% share of newly created ZEC to a reserve for future miners. The committee would keep the money it has already received.
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Cointelegraph.com News
Zcash co-founder calls to stop funding ‘over $125M’ grants program
Sean Bowe says ZCG has enough money to keep funding projects and wants its share of new ZEC redirected to a reserve for the network.
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Bitcoin News
Zcash Co-Founders Clash Over Future of $125M Grant Fund
ZODL founder Josh Swihart has opposed a proposal by Zcash co-founder Sean Bowe to disable only the Zcash Community Grants funding stream, calling the move a “half measure” that creates market uncertainty. Zcash Founder Proposes Redirecting ZCG Allocation Zcash Open Development Lab (ZODL) founder Josh Swihart has pushed back against fellow Zcash co-founder Sean Bowe’s […]
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The Block
Zcash co-founder proposes ending grants subsidy, citing $125 million treasury
Zcash co-founder Sean Bowe proposed ending automatic grants funding, citing a treasury valuation of more than $125 million.
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Bankless News, Research and Analysis
Zcash Co-Founder Proposes Ending ZCG's 8% Block Reward Share
Sean Bowe's draft ZIP would redirect Zcash Community Grants' 8% of new ZEC to the Network Sustainability Mechanism, arguing its roughly $125M in reserves is enough.
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Unchained
Zcash Developers Split Over Where Grants Program’s 8% Block Share Should Go
Zcash co-founder Sean Bowe says Zcash Community Grants (ZCG) no longer needs an automatic slice of every block, and he has written the rule change to cut it off. Bowe published a draft Zcash Improvement Proposal (ZIP) late Monday that would end ZCG’s 8% share of the block subsidy and redirect it to the Network Sustainability Mechanism (NSM), the protocol-level…
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CryptoSlate
Zcash’s $125 million funding fight widens as Tyler Winklevoss calls to end its ‘USAID’
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…