Zcash Allocates 20% of Block Reward to New Decentralized Grant System

IconCryptoNewsTerminal Staff16 Jul, 2024

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Zcash Allocates 20% of Block Reward to New Decentralized Grant System

Zcash (ZEC) has approved a proposal to allocate 20% of its block reward to a new decentralized grant system. This move is a significant step towards making Zcash a more sustainable and community-driven project. The grant system will be used to fund a wide range of projects, including research and development, marketing, and community outreach. This will allow the Zcash community to play a more active role in shaping the future of the project. The Zcash Foundation, a non-profit organization that supports the development of Zcash, will oversee the grant system. The Foundation will be responsible for reviewing grant proposals and distributing funds. The allocation of 20% of the block reward to the grant system is a bold move by the Zcash community. It demonstrates the community's commitment to the long-term success of the project.

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