Sean Bowe Proposes Redirecting Zcash’s 8% Grants Subsidy to NSM
Sean Bowe’s draft would redirect Zcash’s 8% grants subsidy to the NSM reserve, preserving ZCG’s existing treasury and ability to fund new grants.
Mining is the process by which new cryptocurrency coins are created and transactions are validated on certain blockchains. It involves solving complex cryptographic problems using computing power to secure the network. Miners are rewarded with newly issued coins and transaction fees for their work. Mining is most commonly associated with proof-of-work blockchains like Bitcoin. While effective for security, mining is often criticized for its high energy consumption.
Sean Bowe’s draft would redirect Zcash’s 8% grants subsidy to the NSM reserve, preserving ZCG’s existing treasury and ability to fund new grants.
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