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      Zcash Founder: Zcash Distributed Over $8 Million in Retroactive Grants to Contributors

      PANews reported on October 1 that Zcash founder Zooko Wilcox stated on X that Zcash recently distributed over $8 million in retroactive grants, including millions of dollars awarded to contributors who volunteered to protect users during this year's AI vulnerability crisis.

      Zooko said the grants once again demonstrate that Zcash has a sustainable, capture-resistant self-funding and self-governance mechanism. In the future, Zcash plans to conduct similar grants multiple times a year after improving the relevant mechanisms. He added that implementing this round of self-funding and governance mechanism upgrades requires the joint participation of multiple organizations including Valar, ZODL, and Vizor, as well as token holders who use approximately $3 billion worth of ZEC for anonymous voting and the nonprofit organization Financial Privacy Foundation.


      Source: PANews
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud