Zcash (ZEC) co-founder Sean Bowe proposed on Monday to end the 8% block reward share paid to Zcash Community Grants (ZCG), saying the program already holds over $125 million.<\/p>\n
Bowe filed the change as a draft Zcash Improvement Proposal (ZIP) that would send that reward share to the Network Sustainability Mechanism (NSM) until the stream\u2019s scheduled end.<\/p>\n
That mechanism withholds the coins from issuance and starts paying them back out as block rewards in February 2031. Under the draft, ZCG would keep its existing treasury and could still approve grants from it.<\/p>\n
\u201cThe program was never designed to handle this amount of funding,\u201d Bowe wrote on X.<\/p>\n
It\u2019s time to turn off the ZCG funding stream.<\/p>\n
ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding.<\/p>\n
Draft ZIP:<\/p>\n
https:\/\/t.co\/GAkRBeplwO<\/p>\n
\u2014 Sean Bowe (@ebfull) October 27, 2026<\/a><\/p>\n\n Bowe\u2019s figure comes from a dashboard linked on ZCG\u2019s website. It listed 91,453 ZEC and $8.8 million in cash at an October 21 block. Approved grants still unpaid came to $2.4 million. Bowe valued the coins at $1,300 each to reach $125.3 million.<\/p>\n The same dashboard counts another 110,049 ZEC due to ZCG before the stream ends on November 24, 2028. According to the draft ZIP, at the dashboard\u2019s price of $1,241.61, those coins are worth $136.6 million, more than the program holds now; and, according to a Financial Privacy Foundation report, ZCG spent $1.53 million in the first quarter of 2026 against that intake<\/span>. The stream adds 144 ZEC a day, which Bowe put at $68.3 million a year at the same coin price.<\/p>\n Bowe\u2019s draft landed alongside other proposals on the Zcash forum. For instance, Maxime Desalle\u2019s proposal would also send ZCG\u2019s remaining treasury to the NSM. Desalle cited a February coinholder vote in which 98.6% opposed Zcash Shielded Assets. ZCG approved another $455,000 for Shielded Assets work in June, he said.<\/p>\n Turnout was 7.25% of circulating ZEC, per the Zcash Foundation. In June, ZCG approved $455,000 for a QEDIT test network covering Shielded Assets and other deferred features, its minutes show.<\/p>\n Josh Swihart, founder and CEO of Zcash Open Development Lab (ZODL), said: \u201cIt\u2019d be a mistake to kill only one part of the dev fund.\u201d He added the 12% Coinholder-Controlled Fund, which accrues about 216 ZEC a day, should end too.<\/p>\n Swihart\u2019s company is the one former Electric Coin Company staff formed<\/a> after a governance dispute. Responding to Swihart\u2019s plan, Bowe wrote that he would also personally back a separate proposal to strip ZCG\u2019s existing treasury.<\/p>\n Ian Miers, one of Zcash\u2019s founding scientists, objected to the NSM as the destination, stating that the reserve ultimately pays miners and could be redirected later. Bowe answered that the reserve exists anyway and the issuance has to go somewhere.<\/p>\n His draft is not part of Network Upgrade 7 (NU7), set to activate on mainnet on November 5. It would need a later upgrade before the ZCG stream expires.<\/p>\n The post Zcash Co-founder Sean Bowe Proposes Ending ZCG Funding Stream, Citing $125M Treasury<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Zcash (ZEC) co-founder Sean Bowe proposed on Monday to end the 8% block reward share paid to Zcash Community Grants (ZCG), saying the program already holds over $125 million. Bowe filed the change as a draft Zcash Improvement Proposal (ZIP) that would send that reward share to the Network Sustainability Mechanism (NSM) until the stream\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-244353","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/244353"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=244353"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/244353\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=244353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=244353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=244353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ZCG Is Owed 110,049 More ZEC<\/h2>\n
Other Things That Should End<\/h2>\n