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DeepNewz, mobile.
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The Zcash community has approved a proposal to allocate 20% of block rewards to a new decentralized grants system. This decision, revealed by polling results, marks a significant shift from the legacy direct-funding model to a more decentralized and accountable approach. The approval came after a community vote that concluded on July 15, 2024. The Zcash shielded pool also surged over 20% to 1.78M ZEC over the weekend, likely due to coin holder voting on the development fund proposals.
.@zcash community approves decentralized grant allocations with 20% block reward via @hardeyjumoh https://t.co/R9pd1vygUK
We're on the cusp of a new era for Zcash! Today, polling results revealed that the Zcash community wants change and will move from its legacy direct-funding model to a new, more open option, fostering greater decentralization and accountability. ๐งต
Zcash shielded pool surged over 20% to 1.78M ZEC over the weekend, likely due to coin holder voting on dev fund proposals. Very cool. ๐ https://t.co/UrG4GzVFM5