Zcash co-founder proposes ending grants funding, citing $125 million treasury
Summary
The co-founder of Zcash has suggested stopping the distribution of new grants through the project committee. Instead, the share of newly minted tokens currently allocated for this purpose would be redirected to a miner reserve fund.
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.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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