COINTELEGRAPH · 2026-10-30 11:40 UTC

Zcash grants group offers $124M compromise as governance backlash grows

Zcash Community Grants proposed redirecting about $46 million in ZEC tokens from its treasury to future block rewards, with total changes redirecting approximately $124 million. Industry figures including Helius co-founder Mert Mumtaz and Gemini co-founder Tyler Winklevoss criticized the proposal as insufficient, demanding greater accountability and questioning the committee's governance.

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