$ZEC The plan is off the table. Zcash Community Grants (ZCG) will not redirect around 98,000 ZEC from their funding into the reserve for future mining rewards. The committee withdrew the proposal on the Zcash forum on November 3. That does not end the dispute over the development money, because three competing proposals are still on the table. For now, eight percent of all newly created ZEC continue to flow to the committee, around 144 coins a day.
The withdrawal coincided with a clear recovery in the market. Zcash is trading firmly higher on Wednesday evening, and in a little over 31 hours the network activates its biggest upgrade, NU7. If you hold ZEC or want to buy it, you should keep the funding dispute, the price and the upgrade apart. This article puts all three into context with figures and shows what matters when buying, storing and declaring ZEC for tax in Germany.
The withdrawal coincided with a clear recovery in the market. Zcash is trading firmly higher on Wednesday evening, and in a little over 31 hours the network activates its biggest upgrade, NU7. If you hold ZEC or want to buy it, you should keep the funding dispute, the price and the upgrade apart. This article puts all three into context with figures and shows what matters when buying, storing and declaring ZEC for tax in Germany.
