🚨 $ZEC Governance Alert: ZCG Drops Dev Fund Proposal! 🚨
Zcash Community Grants (ZCG) has officially decided not to proceed with its proposal to gradually reduce the development fund, closing the discussion thread. 🛑
Here’s the quick breakdown:
• The Decision: ZCG says the future of the dev fund and treasury must be decided by the community through Zcash's regular governance process.
• The Context: This comes right after Zcash founder Zooko highlighted a competing ZIP proposal from Tachyon Group (Sean Bowe) and Shielded Labs. Their plan? End ZCG funding entirely, reduce its treasury, and create a new fund for future development and legal defense.
ZCG is stepping back and letting the community decide the treasury's fate. Is this a win for decentralized governance?
#Zcash #ZEC #BinanceReopensWithdrawalsForMoreAssets #BinanceIncidentReport #CryptoGovernance
$ZEC
Zcash Community Grants (ZCG) has officially decided not to proceed with its proposal to gradually reduce the development fund, closing the discussion thread. 🛑
Here’s the quick breakdown:
• The Decision: ZCG says the future of the dev fund and treasury must be decided by the community through Zcash's regular governance process.
• The Context: This comes right after Zcash founder Zooko highlighted a competing ZIP proposal from Tachyon Group (Sean Bowe) and Shielded Labs. Their plan? End ZCG funding entirely, reduce its treasury, and create a new fund for future development and legal defense.
ZCG is stepping back and letting the community decide the treasury's fate. Is this a win for decentralized governance?
#Zcash #ZEC #BinanceReopensWithdrawalsForMoreAssets #BinanceIncidentReport #CryptoGovernance
$ZEC