Zcash Founder: Recently Distributed Over $8M in Retroactive Funding to Contributors
TechFlow reports that on October 1, Zcash founder Zooko Wilcox posted on X stating that Zcash has recently distributed over $8 million in retroactive grants, including millions of dollars awarded to contributors who voluntarily protected users during this year's AI vulnerability crisis.
Zooko noted that this funding once again demonstrates Zcash's mechanism for achieving sustainable operations and capture-resistance through self-financing and self-governance. Moving forward, Zcash plans to launch similar funding initiatives multiple times annually after further refining these mechanisms.
He added that this round of upgrades to the self-financing and governance mechanisms involves participation from multiple organizations including Valar, ZODL, and Vizor, as well as token holders utilizing approximately $3 billion worth of ZEC for anonymous voting, and the nonprofit Financial Privacy Foundation.
