Sean Bowe, a Zcash co-founder, has proposed ending the automatic allocation of 8% of newly created ZEC to the Zcash Community Grants program. He estimates that the program’s remaining resources, worth about $125 million after outstanding commitments, could cover several years of spending. The redirected funds would go to a reserve for future mining rewards, while ZCG would retain its assets and continue awarding grants from them. The proposal comes as ZCG’s ZECsy outreach program, which received $550,000, faces criticism following a private-payments demonstration at an adult-industry convention in Edison, New Jersey.
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