Zcash Community discussion proposal to terminate the development fund early has not entered voting

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Zcash Community proposal to terminate the development fund early, involving 20%block rewards

PANews October 30 reported that Zcash the current development fund model (ZIP-1016), proposed by joshs, was discussed in a Zcash community forum post, proposing to terminate the 2028 development fund November before its scheduled expiration Zcash The development fund currently accounts for 20%of each block reward, of which 12%goes to the Holders Fund (Coinholder Fund), with holders voting quarterly to distribute retroactive grants; 8%goes to the 5 Community Grants Committee, composed of Zcash community-elected members (ZCG). The two funds have a combined value exceeding 300000000 USD. Under the current rules, after the development fund expires, the entire block reward will belong to miners. The proposal responds to another proposal to “cancel ZCG and retain the Holders Fund,” which the poster considers merely a compromise solution. The proposal is currently under community discussion and has not yet entered the voting process.

Source: https://www.panewslab.com/zh/articles/01a18d58-37b1-7292-8daa-32634ed0806d

Key points

Zcash The current development fund model is ZIP-1016。
The development fund currently accounts for 20%of each block reward, of which 12%goes to the Holders Fund, and 8%goes to ZCG。
The Holders Fund distributes retroactive grants through quarterly votes by holders.
ZCG It is composed of 5 community-elected members.
The two funds have a combined value exceeding 300000000 USD。
Under the current rules, after the development fund expires, the entire block reward will belong to miners.
The proposal is currently under community discussion and has not yet entered the voting process.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

The proposal seeks to end the development fund early. Currently, 20%of each block reward goes to the two funds; under the current rules, after the fund expires, the entire block reward will go to miners.

Why it matters to readers

The proposal concerns the allocation of block rewards, as well as the subsequent funding arrangements for the Holders Fund and ZCG.

It may affect the allocation of Zcash block rewards among development funding, holder funding, and miners, but it is not currently an effective rule.

Risks and unknowns

The proposal has not yet entered the voting process, and whether it will pass is unknown.
Whether the proposal will take effect and its specific effective date are unknown.
The report does not specify the complete governance and funding arrangements after early termination.

Zcash Community discussion proposal to terminate the development fund early has not entered voting

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