A Zcash proposal reported by BlockBeats on November 12, 2026 was scheduled for a vote by ZEC holders and community representatives from November 16 to 30. It would change both the Community Grants treasury (ZCG) and the allocation of newly issued ZEC. The proposal was co-authored by Zcash co-founders Sean Bowe and Zooko Wilcox and Jason McGee, and had been merged into the specifications repository on the Wednesday before the report.
What would happen to the treasury?
The proposal would require ZCG to remove 50,000 ZEC from circulation within 30 days if the vote passed and the change was activated through a network upgrade. An October treasury snapshot cited in the proposal put ZCG’s holdings at 91,453 ZEC; the proposed removal was approximately 55% of that amount. Its corresponding value would be accounted for under the Network Sustainability Mechanism and gradually returned through future block rewards.
How would new issuance change?
ZCG would stop receiving its current 8% share of newly issued ZEC. That share would instead accumulate in a new Future Dev and Legal Defense Fund until Zcash’s next halving. The fund could not be spent unless separate withdrawal rules were approved. ZCG could continue awarding development grants from its remaining treasury, while the separate 12% holder-controlled fund would be unaffected.
Using the October snapshot, a ZEC price of $1,300, and spending in the first half of 2026, the proposal estimated that ZCG’s existing funds could cover about 13 years of spending, or about six years after the proposed removal. These were estimates, not guaranteed funding periods.
ZCG had abandoned an earlier plan to redirect approximately 98,000 ZEC from existing assets and future revenue to miner rewards on November 3, following community criticism. As of the November 12 report, the new proposal still required community support and a network upgrade; no activation block height or reference implementation had been provided.
Original report: BlockBeats, November 12, 2026, 13:57 (UTC+8).