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Zcash Community Grants withdraws plan to redirect 98,000 ZEC to mining rewards after community backlash.

Protocol Fundamentals
04 Nov 2026, 13:29 WIB
Crypto news
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Zcash Community Grants withdraws plan to redirect 98,000 ZEC to mining rewards after community backlash.

Zcash Community Grants (ZCG) has withdrawn its proposal to redirect about 98,000 ZEC from its treasury and future allocations toward mining rewards following criticism from the Zcash community. The original plan included transferring 36,200 ZEC from its treasury to support miners as block subsidies decline, but faced opposition including from Zcash co-founders Sean Bowe and Zooko Wilcox, who back a competing proposal involving a 50,000 ZEC contribution and a new development fund. The withdrawal leaves the decision on ZCG funding to the broader Zcash governance process, with ZCG continuing to receive its current 8% of newly issued ZEC until any changes are approved. The debate has also attracted criticism from Gemini founders over transparency and spending priorities. Zcash’s next coinholder voting on funding proposals is scheduled for December.

The Zcash grants group and its funding plans provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 04, 2026 18:01 WIB: out of 50 priced major cryptocurrencies, 41 rose and 7 fell today. Notable movers include XNO (Nano) at Rp5.970 with a 4.15% increase, GRT (The Graph) at Rp366 up 4.04%, and AXS (Axie Infinity) at Rp15.564 gaining 3.57%.

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