Zcash Community Grants Committee Withdraws Proposal Involving Approximately 98,000 ZEC

深潮 TechFlow reported that on November 4, according to a statement posted by the Zcash Community Grants Committee (ZCG) on the community forum, the committee has decided not to advance the previously proposed development fund funding taper. The statement was published on November 3 and said the future of the development fund and the ZCG treasury should be determined by the community through Zcash's regular governance procedures.

The preliminary proposal put forward by the committee on October 29 estimated that approximately 98,000 ZEC would be redirected to future block rewards, including about 36,200 ZEC proposed to be transferred from the existing treasury and about 62,000 ZEC saved through reduced future funding allocations.

Source: 深潮 TechFlow