Zcash grants committee drops plan to redirect 98,000 ZEC to future mining rewards

The Zcash grants committee withdrew its proposal to redirect 98,000 ZEC—then worth roughly $8 million—from its treasury toward future mining rewards after community backlash. The reversal leaves two competing plans in play: one to cut off the committee's funding entirely and another to preserve the existing grants system. The dispute matters because it tests who controls Zcash's development funding as the protocol's mining-reward structure evolves. ZEC holders and miners will be watching which alternative the community rallies behind next.