Zcash Grants Committee Drops Its 98,000 ZEC Plan: Is the Funding Dispute Over?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Zcash Community Grants will not redirect around 98,000 ZEC into the reserve for mining rewards, while three rival proposals remain open. ZEC is up 5.7 percent, a little over 31 hours before NU7 activates.Who controls the Zcash development fund remains open after the ZCG plan was withdrawn.Add as a preferred source on GoogleFollow on Google NewsThe plan is off the table. Zcash Community Grants (ZCG) will not redirect around 98,000 ZEC from their funding into the reserve for future mining rewards. The committee withdrew the proposal on the Zcash forum on November 3. That does not end the dispute over the development money, because three competing proposals are still on the table. For now, eight percent of all newly created ZEC continue to flow to the committee, around 144 coins a day. The withdrawal coincided with a clear recovery in the market. Zcash is trading firmly higher on Wednesday evening, and in a little over 31 hours the network activates its biggest upgrade, NU7. If you...