A proposed change to Zcash’s community grant treasury was set for a November 16–30, 2026 vote by ZEC holders and community representatives, BlockBeats reported on November 12. Co-authored by Zcash co-founder Sean Bowe, Zooko Wilcox and Jason McGee, the proposal had been merged into the specification repository on Wednesday, November 11. It had not been approved or activated at the time of the report.
The proposal would require Zcash Community Grants (ZCG) to remove 50,000 ZEC from circulation within 30 days of activation through a network upgrade. That is about 55% of the 91,453 ZEC ZCG held in the October treasury snapshot cited by the proposal. The removed amount would be accounted for under the Network Sustainability Mechanism and gradually returned through future block rewards.
It would also redirect the 8% of newly issued ZEC currently allocated to ZCG into a new Future Dev and Legal Defense Fund, where it would accumulate until Zcash’s next halving. The fund could not be spent unless withdrawal rules were separately approved. ZCG could continue making development grants from its remaining treasury, while a separate 12% holder-controlled fund would be unaffected.
The proposal estimates that ZCG’s existing funds could cover roughly 13 years of spending, falling to about six years after the 50,000 ZEC removal. Those estimates use the October snapshot, a ZEC price of $1,300 and spending in the first half of 2026; they are projections, not guaranteed funding periods.
ZCG had previously proposed redirecting approximately 98,000 ZEC from existing assets and future income toward miner rewards, but dropped that plan on November 3 after community criticism. The revised proposal still required community support and a network upgrade. No activation block height or reference implementation had been provided.
Original report: BlockBeats, published November 12, 2026, at 13:57 UTC+8.