Zcash is heading to another vote. Proposals by Sean Bowe and Zooko have been merged into the specification repository, and the vote will run from November 16 to 30: take 50,000 units of $ZEC from the community grants treasury—about 55% of the treasury—and remove them from circulation, then gradually return them over time alongside mining rewards. The grants committee will also stop receiving 8% of new issuance each day, redirecting it to a development and legal fund that no one can access for the time being.
ZEC is currently around 988, down 1.8% over the past 24 hours. 50,000 units would be worth roughly $49 million. If approved, the change would still require another network upgrade, and no date has been set. For now, I’ll wait to see the results of the vote at the end of the month.
Source: CoinDesk
#ZEC #Zcash
ZEC is currently around 988, down 1.8% over the past 24 hours. 50,000 units would be worth roughly $49 million. If approved, the change would still require another network upgrade, and no date has been set. For now, I’ll wait to see the results of the vote at the end of the month.
Source: CoinDesk
#ZEC #Zcash