As reported by BlockBeats on November 12, 2026, at 13:57 UTC+8, Zcash holders and community representatives are scheduled to vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the Zcash Community Grants (ZCG) treasury. The proposal was co-authored by Zcash co-founders Sean Bowe and Zooko Wilcox and Jason McGee, and was merged into the specifications repository on Wednesday.
An October treasury snapshot cited by the proposal put ZCG’s holdings at 91,453 ZEC. The proposed removal would account for about 55% of that balance. If approved and activated through a network upgrade, the 50,000 ZEC would be taken out of circulation within 30 days. Its value would be credited to the Network Sustainability Mechanism and gradually returned through future block rewards.
The proposal would also redirect the 8% of newly issued ZEC currently allocated to ZCG into a new Future Dev and Legal Defense Fund until Zcash’s next halving. Those funds could not be spent unless separate withdrawal rules were approved. ZCG could continue making development grants from its remaining treasury, while the separate 12% holder-controlled fund would be unaffected.
The proposal estimates that ZCG’s existing funds could cover about 13 years of spending, or about six years after the removal. Those estimates use the October treasury snapshot, a ZEC price of $1,300, and spending in the first half of 2026. ZCG had previously proposed redirecting roughly 98,000 ZEC from existing assets and future income to miner rewards, but dropped that plan on November 3 after community criticism.
The new proposal still requires community support and a network upgrade. At the time of the report, no activation block height or reference implementation had been provided.