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Zcash Reward-Distribution Vote Questioned as Only a Small Sample Took Part

Published 03/22/2020, 12:00 AM
Updated 03/22/2020, 11:00 PM
Zcash Reward-Distribution Vote Questioned as Only a Small Sample Took Part

At the end of January, a poll apparently confirmed community support for a new mining reward-distribution structure for the Zcash (ZEC) network, whereby more will flow into the developer fund. Still, the decision proved to be rather controversial.

Electric Coin Company, the firm behind Zcash, announced in a Jan. 2 blog post that a community poll on the Zcash Improvement Proposal 1014 — referred to as ZIP 1014 — showed a consensus for implementing a 20% fee on mining rewards. The results showed that 77 people, or 87.5% of all votes, were in favor of the implementation, while just 11 people, or 12.5% of all votes, stood against it. But some in the cryptocurrency space have expressed concern that the poll may not accurately represent the stance of the community.

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