Zcash co-founder urges halt to $125M grants funding
In short
Zcash co-founder Sean Bowe called for the network’s $125 million grants program to stop funding projects.
The report says he wants ZCG’s share of new ZEC moved into a reserve for the network. It is not stated whether the change will be adopted.
What the reporting says
Zcash co-founder Sean Bowe called for the network’s $125 million grants program to stop funding projects, according to a publisher summary. The report says he argued ZCG already has enough money and wants its share of new ZEC redirected into a reserve for the network. The immediate outcome or any formal decision is not stated in the available reporting.
Why it matters
Zcash co-founder Sean Bowe reportedly called for changes to the network’s $125 million grants program, saying ZCG already has enough money to keep funding projects. The publisher summary says he wants ZCG’s share of new ZEC redirected into a reserve for the network. The reporting does not say whether the proposal has any official backing or what the immediate effect would be.