Zcash holders will vote next week on a proposal to transfer 50,000 ZEC from the Zcash Community Grants treasury to the Network Sustainability Mechanism. The tokens would be paid out gradually to miners, while the automatic 8% share of block rewards would end after the NU7 upgrade. This share would be redirected into a new locked pool dedicated to future development and legal defense, with any spending requiring a separate proposal. The proposal, written by co-founders Sean Bowe, Zooko Wilcox and Jason McGee, has not yet been assigned a ZIP number or activation schedule and depends on community support and the release of NU7.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
