Decentralized
Zcash Community Approves Decentralized Grant Allocations
Wednesday. July 17 at 9:30 AM
1 min. readThe Zcash community has endorsed a plan to allocate 20% of block rewards towards a new decentralized grants system. The proposal, known as the 'Lockbox for Decentralized Grants Allocation,' received significant support from the community, with 63% in favor. This decision comes after a poll conducted by the Zcash Community Advisory Panel to outline future development plans post the expiration of the Zcash Development Fund in November. The winning proposal, under the Majority Choice Approval voting method, directs 20% of block rewards to a lockbox for future distribution based on community polling. The new decentralized fund will focus solely on grants, accumulating funds until ready for distribution. Unlike the current direct funding system, the decentralized approach will involve community voting before disbursement. This shift signifies a move towards greater decentralization and accountability within the Zcash ecosystem.