Zcash Draft Would Send 50,000 ZEC to Future Miner Rewards

A joint draft by Sean Bowe, Zooko Wilcox and Jason McGee would require a 50,000 ZEC transfer to a reserve for future miner rewards, 13,800 ZEC above Zcash Community Grants’ withdrawn plan.

The proposal would end the 8% share of Zcash (ZEC) block rewards allocated to ZCG and direct that stream to a Future Dev and Legal Defense Fund lockbox. It would also require ZCG to transfer 50,000 ZEC to the Network Sustainability Mechanism (NSM), a protocol reserve for future miner payouts. Bowe is with Tachyon Group; Wilcox and McGee are with Shielded Labs.

The proposed NSM transfer is 13,800 ZEC more than the 36,200 ZEC treasury transfer in ZCG’s withdrawn plan. That preliminary plan also included about 62,000 ZEC in future funding, for a proposed total of about 98,000 ZEC.

ZCG withdrew its plan and left the Development Fund’s future and its treasury to the community’s usual governance process, without offering a replacement plan or timeline. The joint draft remained open on GitHub on Nov. 4.