Bankless: Controversy Over Excess Zcash Development Funding; Four Proposals Target Block Reward Allocation Mechanism

TechFlow reported on October 28 that Bankless published an article discussing the controversy over excess Zcash development funding, noting that the Zcash development funding program's funding size continues to expand, with the current estimated net funding size at about USD 125 million, far exceeding current spending needs. Zcash co-founder and current head of Tachyon Sean Bowe has proposed a draft recommending that the current 8% block reward allocated to ZCG be terminated in a future network upgrade.

Regarding the development funding mechanism, the community has so far put forward four proposals, covering terminating ZCG funding, removing the entire development fund allocation mechanism, or gradually reducing the allocation percentage to zero. Supporters argue that the current mechanism causes funds to keep accumulating as the ZEC price rises, but ZCG is not directly controlled by token holders. Opponents are concerned that cutting development funding without alternatives may affect future protocol development and maintenance. All proposals are still in the discussion stage and have not been finalized.

Source: TechFlow