Foresight News
Foresight News|Oct 30, 2026 15:33
[Zcash Founder Calls for Termination of Community Funding and Establishment of Future Development and Legal Defense Fund] According to Foresight News, Zcash founder Zooko posted on the Zcash forum that the Tachyon Group, led by Sean Bowe, and Shielded Labs jointly submitted a ZIP proposal to terminate further funding to the Zcash Community Funding (ZCG) program, reduce its treasury size, while maintaining its operational capacity. The proposal would donate $50 million to the Network Sustainability Mechanism (NSM) and establish a "Future Development and Legal Defense Fund." Zooko stated that the Zcash community is experiencing a governance crisis. With the rise in ZEC prices, the size and influence of ZCG's funds have increased significantly, making it a focal point of controversy. He called on the community to support the proposal and hoped that those who had submitted alternative proposals would withdraw theirs and work together to advance the initiative. Zooko also clarified that Shielded Labs does not accept any ZCG funds; all funds come from ZEC holders and supporters. According to a previous Foresight News report, Zcash community member joshs proposed terminating the Zcash Development Fund prematurely, arguing that simply removing the ZCG portion would concentrate power in the hands of a single group of token holders.
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