- What was Zcash’s original funding model, and why did it need to be replaced?
Zcash’s Developer Fund set to expire in November 2020, also know as the Founder’s Reward, 20 percent of block rewards were taken from miners and diverted towards Zcash’s Founders and Investors along with some assistance for continued development.
Zcash Improvement Proposal 1014 will now split block mining rewards 80/20 between miners and a general community fund for coin development in a similar manner to the initial Founder’s Reward.
- Under the new funding model, how is the general community fund allocated?
The 20 percent pool will be further split into three groups: 35% for ECC, 25% for the Zcash Foundation and 40% for Third-Party Developers
- Who was included in the final vote and why?
Zcash Community Forum members, along with a 72 person community advisory panel.
- What was ECC’s reason for rejecting an ‘upper-bound dollar limit’ on their block reward funding?
For a firm on the bleeding edge of privacy advancements, the company said any cap would hamstring the organization’s ability to attract talent.