WuBlockchain
The Zcash community approved 17 retroactive grant proposals totaling about $8.39 million, with roughly 2.18 million ZEC participating in the vote. Co-founder Zooko Wilcox said several million dollars will go to developers and security researchers involved in discovering and fixing the critical Orchard vulnerability, auditing code and delivering the Ironwood upgrade.
Why it matters
The grants recognize security and development work already performed. Funding researchers and developers after a critical bug is identified and fixed gives the community a way to support work on Zcash's infrastructure.
Market impact
The vote establishes a substantial community funding commitment, but it does not establish a price effect for ZEC. The relevant outcome is where the approved grants go: vulnerability work, audits and the Ironwood upgrade.
Frequently asked questions
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How many Zcash grant proposals passed?
The community approved 17 retroactive grant proposals totaling about $8.39 million.
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How much ZEC participated in the vote?
Roughly 2.18 million ZEC participated in the community vote.
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Who is receiving grants for Orchard vulnerability work?
Zooko Wilcox said several million dollars will go to developers and security researchers involved in discovering and fixing the critical Orchard vulnerability.
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What work besides the Orchard fix is covered by the grants?
The approved grants also cover code audits and delivery of the Ironwood upgrade.
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Did the grant vote establish an effect on ZEC's price?
No price effect is established by the vote. It approves community funding for security and development work already performed.
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