Sean Bowe, Zcash co-founder and protocol developer, has submitted a draft ZIP that would end the 8% block subsidy allocation to Zcash Community Grants and redirect it to the Network Sustainability Mechanism, withholding the funds from immediate circulation. The proposal argues ZCG's existing reserves are sufficient for its grant-making. It would leave ZCG's treasury, the 12% Coinholder-Controlled Fund allocation, miners' subsidy share, and ZEC's maximum supply unchanged.

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Thread · 1 event
  1. Leviathan published this article
  2. First reportZcash co-founder proposes redirecting 8% of block subsidies to a sustainability reserve5 acc.

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Cited posts

  • @WuBlockchain Wu BlockchainOn X ↗

    Zcash Co-Founder Proposes Redirecting 8% of Block Subsidies to Network Sustainability Mechanism Zcash co-founder and protocol developer Sean Bowe has submitted a draft Zcash Improvement Proposal (ZIP) to end the 8% block subsidy allocation to Zcash Community Grants (ZCG) and…

  • @wublockchain12 吴说区块链First reportOn X ↗

    吴说获悉，Zcash 联合创始人、协议开发者 Sean Bowe 提交 ZIP 草案，提议终止向 Zcash Community Grants（ZCG）分配占区块补贴 8% 的资金，并将该份额转入网络可持续性机制（NSM），暂缓其进入流通。提案认为，ZCG 现有资金已足以支持后续拨款，无需继续自动获得区块补贴。草案数据显示，ZCG 持有约…

  • @Eljaboom EljaOn X ↗

    10 years of development. Billions in market attention. And now Zcash's co-founder wants to redirect the automatic 8% block reward allocation for Community Grants into a sustainability reserve. The funding model is changing, but the bigger question remains: Why is roughly 70%… https://t.co/IjQ9OX9voF

Show 2 more cited posts
  • @BSCNews BSCNOn X ↗

    Zcash’s Decade Of Privacy Innovation Has a 20% Funding Engine Grayscale (@Grayscale) credits Zcash’s (@Zcash) $ZEC 20% block reward allocation for supporting nearly a decade of development. Miners receive 80%, while 8% funds community grants and 12% goes into a development…

  • @beincryptoOn X ↗

    One day after the ZECsy funding controversy, Zcash co-founder Sean Bowe proposed cutting off future grant funding. His draft would redirect 8% of block rewards away from $ZEC Community Grants and into a mechanism that keeps the funds out of circulation. ZCG already holds over… https://t.co/6vlWYNzzb3

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Positioning · ZEC

Open917 open positions · 830 long · 87 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 27 Oct 05:57 UTC.

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Crowding0th percentile · vs last 28 days, 50 typical
Pulse 24h42/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.1% long · 10,750 accounts

As of 27 Oct 07:00 UTC.

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