Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address governance and accountability concerns.
Zcash Community Grants (ZCG) has proposed redirecting about $46 million in Zcash tokens from its treasury to future block rewards, but industry figures criticized the move, demanding greater accountability for the fund.&
On Thursday, ZCG proposed transferring 36,200 ZEC from its roughly 91,500-ZEC treasury to the Network Sustainability Mechanism (NSM), which reserves coins for future mining rewards. If approved, the committee would retain about 55,200 ZEC, worth about $70 million at the time of writing.&
The group also proposed forgoing about 62,000 ZEC ($78.5 million) in future allocations and tapering its remaining funding until the 2032 halving. Together, the changes would redirect about 98,000 ZEC (about $124 million) toward future block rewards.&
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