Zcash community approves decentralized grant allocations with 20% block reward
Summary
The Zcash community approved allocating 20% of block rewards to a decentralized grants system. This decision follows a poll by the Zcash Community Advisory Panel. The new system will involve community votes before disbursement, fostering greater decentralization and accountability. Another proposal includes provisions for development funds to be held in a "lockbox" until a new distribution mechanism is established. Zcash is a privacy-focused blockchain launched in October 2016, built on Bitcoin's codebase with a fixed supply of 21 million coins.
