Zcash Co-Founder Proposes Ending Grants Funding Citing $125 Million Treasury
(1 hour ago) · 1 source · Summarized by CryptoBipto
A co-founder of the privacy-focused cryptocurrency Zcash has proposed ending the project's grants funding program. The proposal references a $125 million treasury as a reason for the change, suggesting the existing funds may be sufficient without continued grant allocations.
WHY IT MATTERS
Many cryptocurrency projects set aside a portion of newly created coins to fund development and community projects, similar to how a company might reinvest profits into research. Zcash has done this through a grants program. A co-founder is now suggesting this program should end because the project already has a large treasury — essentially a savings account of $125 million. This matters because how a crypto project funds its development affects its long-term health and direction. If grants stop, it could change who works on the project and how decisions are made. For newcomers, this is an example of how crypto governance works: stakeholders propose and debate changes that affect the entire community.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- coindesk.com
RELATED