Zcash

Z

Zcash

The results of the Zcash community polling are in, and Electric Coin Co. is happy to accept the role as offered to us by the Zcash community. In Zcash Foundation polling, the community voted to create a new development fund with 20 percent of the mining rewards, while the miners receive 80 percent as of block 1046400. Assuming we have agreement with the Zcash Foundation, this will be implemented in November 2020, to coincide with the first scheduled Zcash halvening when the total block rewards will be reduced to half as much ZEC per block. The development fund will be distributed to ECC (7 percent of mining rewards), the Zcash Foundation (5 percent of mining reward) and an additional fund to be used for grants to support third-party Zcash efforts (8 percent of mining rewards). Grant participants will receive the largest portion of development funds which will further decentralize Zcash-related efforts. Read more, including background information, here: electriccoin.co/blog/dev-fund-poll-shows-consensus/