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Zcash community approves decentralized grant allocations with 20% block reward

admin — Tue, 16 Jul 2024 14:14:20 +0000

The Zcash community has approved a proposal to allocate 20% of block rewards for a new decentralized grants system.

The Zcash Foundation announced that most of the community supported the “Lockbox for Decentralized Grants Allocation,” with the proposal receiving about 63% of the community’s support.

This decision follows a poll by the Zcash Community Advisory Panel, which outlined future development plans for the project after the Zcash Development Fund expires in November.

It stated:

“Under the Majority Choice Approval (MCA-M or Modified Bucklin) voting method, the winning proposal is the Lockbox for Decentralized Grants Allocation (20% option), which directs 20% of the block rewards to a lockbox for future disbursement based on community polling results.”

The proposal’s author, Kris Nuttycombe, pointed out that the new decentralized development fund will be for grants only. Funds will accumulate until the new system is ready for disbursement.

Unlike the current system, which provides direct funding, the decentralized system will involve community votes before disbursement.

Decentralized funding system

Josh Swihart, CEO of Electric Coin Company, the team behind Zcash, announced that a recent poll indicated a significant shift for the privacy-focused digital asset.

He added:

“The Zcash community wants change and will move from its legacy direct-funding model to a new, more open option, fostering greater decentralization and accountability.”

He further pointed out that the community also strongly supported a separate proposal that includes provisions for development funds to be held in a “lockbox” until a new distribution mechanism is established in the coming months.

Under the other proposal, 12% of the block reward will be locked. However, another 8% of the block subsidy will be distributed to the Financial Privacy Foundation (FPF) for the express use of the Zcash Community Grants Committee (ZCG) to fund independent teams in the Zcash ecosystem.

Zcash is a privacy-focused blockchain that was launched in October 2016. The network is built on Bitcoin’s codebase and has a fixed supply of 21 million coins.

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Altcoins Due For Bull Run in 2018!?

Altcoin Buzz — Wed, 17 Apr 2024 03:19:57 +0000

These are some of the top cryptocurrency altcoins due for a bull run in the market in 2018. Ripple, Zcash, Cardano, IOTA, Lisk, Ethos, OmiseGo and Golem.

Best Hardware Wallet –

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Privacy Coins For 2018 | Top Picks

Altcoin Buzz — Fri, 09 Dec 2022 16:04:29 +0000

Going into 2018 there will be a lot more buzz surrounding the development of the various privacy coin platforms. Since so many are discovering the vulnerability and total transparency of their public accounts, there should be more people moving a good portion of their portfolio in select privacy coins real soon.

Here are our top picks for 2018, but in no particular order:

Dash, Monero ,ZCash, Verge, DigitalNote, PIVX

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ANOTHER BITCOIN BAN!! Ethereum Keeps EXPANDING! Cardano ADA Surge | Terra Luna Zcash Crypto Updates

Altcoin Buzz — Tue, 26 Jul 2022 15:37:38 +0000

MAJOR VOTE on CRYPTO REGULATIONS happening in the European Union!! Terra is pulling all the stops to MEET $UST STABLECOIN DEMAND!! Ethereum continues to steadily expand into ETH 2.0… Zcash RALLIES as privacy coins start TAKEOVER!! Cardano reaches a new WALLET MILESTONE, Efinity has OFFICIALLY LAUNCHED ON POLKADOT!! Hector Dex is finally here, and Thetan Arena opens the doors to its GUILD ACCELERATOR PROGRAM!!

TIMESTAMPS
0:00 Major Headlines
0:38 Introduction
1:02 E.U. Crypto Ban on the Table
2:24 Terra Luna Demand Still Rising
3:04 Ethereum Movements
3:52 Zcash Rakes in 35% Rally
4:39 Cardano Reaches New Addresses Milestone
4:49 Efinity Officially Launches on Polkadot
5:34 Hector DEX Officially Launches
6:17 Thetan Arena Guild Accelerator Program

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METAVERSE PUMPS while Market SLUMPS!! Zcash gets integrated and Enjin and Efinity prep for Parachain

Altcoin Buzz — Thu, 17 Feb 2022 11:25:34 +0000

Zcash finally INTEGRATING on Electric Coin Company!! Enjin and Efinity READY FOR PARACHAIN PARTNERSHIP!! METAVERSE RALLIES while the market slumps, ALL TIME HIGHS for Decentraland, The Sandbox, Efinity and Enjin tokens!! Realm launches another LAND SALE, and King Speed launches its IDO!! Get all your CRYPTO NEWS!!

TIMESTAMPS
0:00 Major Headlines
0:27 Introduction
1:06 Zcash Integrating on ECC
1:55 Enjin x Efinity Token Listing
2:41 METAVERSE TOKENS RALLY
3:43 Realm Land Sale
4:28 King Speed IDO

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