Zcash Community Grants Committee Withdraws Proposal to Redirect 98,000 ZEC to Miner Rewards

The withdrawal matters less as a funding decision than as a test of where protocol-level spending authority sits in Zcash: the grants committee pulled back and pointed to the established governance process, effectively deferring to it rather than routing treasury funds to miners on its own. The constituency most affected is miners, since the redirected ZEC would have supplemented block rewards at a time when issuance economics are already under scrutiny. Worth watching is whether a revised miner-funding proposal re-enters through that governance channel, and whether the committee's treasury position keeps it a recurring source of debate.