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Wednesday

25 November 2020

Zcash Completes First-Ever Halving, Eliminates Founders' Reward | Crypto Briefing

Zcash Completes First-Ever Halving, Eliminates Founders' Reward | Crypto Briefing


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Privacy coin Zcash has completed its latest upgrade, reducing miner rewards and eliminating its controversial Founders’ Reward.

Before this upgrade, 20% of rewards were given to the Electric Coin Company, the Zcash Foundation, and founders.

In the future, miners will still receive 80% of block rewards, and the Zcash Foundation and Electric Coin Company will still receive 12% of rewards.

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