Zcash co-founder releases ZIP proposal to "terminate ZCG funding channel and instead support NSM"
Foresight News reports that Zcash co-founder Sean Bowe has released a ZIP draft titled "Terminate ZCG Funding Stream in Favor of NSM." The draft proposes ending the Zcash Community Grants (ZCG) automatic funding stream and redirecting its remaining 8% share of block rewards to the Network Sustainability Mechanism (NSM). ZCG currently holds approximately 91,452.98 ZEC (about $125 million), which is sufficient to continue funding activities without further automatic block reward allocations. Starting from the activation height, the 8% share will be directed to the NSM fund until the original funding stream expires, with ZCG’s existing assets and governance rules remaining unchanged.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"For the first time in history" Annual Guidance Released in Advance! JPMorgan Maintains 'Overweight' Rating for ASM International (ASMIY.US), Earnings Outlook May Continue to Improve
JPMorgan maintains an Overweight rating on ASMI with a target price of 1,174 euros, stating that this is the first time the company has provided guidance for 2027. The outlook is highly visible, and profit expectations may be revised up by a low double-digit percentage.
Deutsche Bank raises Coca-Cola (KO.US) target price to $101: Q3 performance surpasses expectations, Q4 "noise" not a concern
The Deutsche Bank analyst team led by Steve Powers released a report reiterating their "Buy" rating on Coca-Cola (KO.US), raising the target price from $98 to $101, representing an upside potential of approximately 3%.
OpenAI reportedly plans to purchase Google (GOOGL.US) TPU chips, expanding computing power through multiple approaches
According to a source familiar with the matter, OpenAI is considering purchasing artificial intelligence (AI) computing chips from Google, a subsidiary of Alphabet, as part of the ChatGPT developer's broader efforts to build its AI infrastructure.
Crypto prices
More
