Zcash grants group scraps plan to move 98,000 ZEC to miners

Zcash Community Grants (ZCG) has withdrawn its proposal to redirect approximately 98,000 ZEC toward future mining rewards following criticism from the cryptocurrency's community. Zcash Community Grants (ZCG) has withdrawn its proposal to redirect approximately 98,000 ZEC toward future mining rewards following community feedback. The abandoned plan included transferring 36,200 ZEC from its existing treasury and reducing its future funding allocation. Zcash co-founders Sean Bowe and Zooko Wilcox support a competing plan involving a 50,000 ZEC treasury contribution and a new development fund.

Source: crypto.news