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Winklevoss twins urge Zcash to end community grants committee, giving coinholders more funding control.

Market News
30 Oct 2026, 10:14 WIB
Crypto news
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Bearish
Winklevoss twins urge Zcash to end community grants committee, giving coinholders more funding control.

Cameron and Tyler Winklevoss have called for Zcash to dissolve its community grants committee, arguing that ZEC holders should directly control development funding decisions. They criticize the committee for lacking accountability and question its management of a $125 million treasury. The dispute divides the community, with some defending the grants as vital for development and others supporting a shift to more direct coinholder governance. Meanwhile, Zcash co-founder Sean Bowe proposed redirecting the committee's funds to a network sustainability mechanism, but no changes have been approved yet.

The Winklevoss twins' call to scrap Zcash's grants committee is presented here with market context from Pluang's cryptocurrency data. For readers following major cryptocurrencies, as of Oct 30, 2026 13:32 WIB, only 5 out of 50 major cryptocurrencies rose while 44 fell. Among notable movers, AXS fell 8.65% to Rp15.381, THETA dropped 8.57% to Rp2.880, and SNX declined 8.40% to Rp3.283, with SNX showing 100% sell order activity on Pluang.

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