Dragonfly partner calls for end to Zcash Development Fund by 2028
Dragonfly partner Haseeb Qureshi has publicly proposed that the Zcash Development Fund should be terminated when it expires in 2028, arguing that existing capital is sufficient for remaining development and that the $95 million fund risks becoming politicized. Paradigm founder Matt Huang opposes the move, citing the necessity of continued funding for privacy research in the era of AI and quantum computing. The debate has sparked broader discussions on governance, with some suggesting a hybrid model involving token holder committees, while others advocate for the complete abolition of the fund. Zcash co-founder Zooko Wilcox maintains that the community grants committee remains vital to the project's growth. The upcoming NU7 upgrade, which reduces block times, has further intensified the focus on how these funds are managed.
Summaries are written by AI from the original article. Not investment advice.