Zcash holders will vote next week on a high-stakes proposal to remove 50,000 ZEC — roughly $50 million at current prices — from the network’s grants treasury and return that value to the ecosystem via future mining rewards. The draft Zcash Improvement Proposal (ZEP), authored by co‑founders Sean Bowe and Zooko Wilcox along with Jason McGee, was merged into the project’s specifications repository on Wednesday. Balloting opens Nov. 16 and runs through Nov. 30 for both coinholders and community panels. Key points of the proposal - The plan would extract 50,000 ZEC from the Zcash Community Grants (ZCG) treasury — about 55% of the 91,453 ZEC recorded in an October snapshot cited by the draft. ZCG currently uses that treasury to finance developers, wallets and other community projects. - If the community adopts the change and it is activated in a network upgrade, ZCG would have 30 days to remove the coins from circulation. - The removed funds would be credited to the Network Sustainability Mechanism (NSM), a reserve established under the NU7 upgrade that returns ZEC back to the ecosystem gradually through future block rewards. - The proposal also halts ZCG’s existing 8% allocation of newly minted ZEC. Those future allocations would instead accumulate in a newly created Future Dev and Legal Defense Fund until the next Zcash halving. The vote will determine whether Zcash shifts a large portion of its grants treasury into a long‑term mechanism that disperses value over time, while restructuring how new block rewards are routed to support development and legal defense. Read more AI-generated news on: https://app.chaingpt.org/news