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Zcash Co-Founder Calls for Suspension of Controversial $125M Grants Program Funding

Zcash Co-Founder Calls for Suspension of Controversial $125M Grants Program Funding

Zcash Co-Founder Urges Halt to $125M+ Grants Program Funding
Zcash Co-Founder Urges Halt to $125M+ Grants Program Funding

Zcash co-founder Sean Bowe has floated a plan to end the automatic funding stream from Zcash block rewards to the Zcash Community Grants (ZCG) program, arguing the treasury is already large enough...

Zcash Co-Founder Urges Halt to $125M+ Grants Funding Program
Zcash Co-Founder Urges Halt to $125M+ Grants Funding Program

Zcash co-founder Sean Bowe has proposed ending the project’s automatic funding stream to the Zcash Community Grants (ZCG) program, arguing the grants treasury is already sufficiently resourced to...

Zcash co-founder calls to stop funding ‘over $125M’ grants program
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.

Zcash co-founder proposes ending grants funding, citing $125 million treasury
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.

Zcash Co-founder Sean Bowe Proposes Ending ZCG Funding Stream, Citing $125M Treasury
Zcash Co-founder Sean Bowe Proposes Ending ZCG Funding Stream, Citing $125M Treasury

Zcash developers are now focusing on where to redirect funding away from ZCG, which already holds over $100 million in its treasury.

Zcash Draft Seeks to Redirect 8% Mining Rewards From Grants to Network Reserve
Zcash Draft Seeks to Redirect 8% Mining Rewards From Grants to Network Reserve

A new draft ZIP would end Zcash Community Grants' 8% block-subsidy stream and redirect it to the Network Sustainability Mechanism, sparking community debate.

Zcash's $550,000 Bet on Adult Industry Outreach Splits Its Community
Zcash's $550,000 Bet on Adult Industry Outreach Splits Its Community

A $550,000 Zcash Community Grants-funded outreach program targeting adult industry has split community after photos from an Exxxotica booth circulated online.

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