Zcash Co-Founder Sean Bowe Proposes Shutting Off the $125M Community Grants Funding Stream

Every ninety seconds or so, a new Zcash block quietly mints 1.5625 ZEC, and a fixed slice of that coin — eight percent — is set aside for the people who build and maintain the privacy network. That automatic subsidy has funded Zcash Community Grants (ZCG) since the program’s launch, turning a modest experiment in community funding into a treasury that now holds more than $125 million. On October 26, one of the protocol’s own architects concluded the arrangement has run its course.

Source: Blockchain Reporter