Zcash (ZEC) Halves and Upgrades, Fixing the “Founder’s Reward” Controversy

The Zcash network has automatically halved its miner rewards at block height 1,046,400 for the first time since October 2016. While miners will have to double their efforts to earn 6.5 ZEC, there will be a new funding framework for network developments.

The Founder’s Reward will expire for a new developer funding model following the activation of Canopy, the fifth major upgrade in Zcash. If prices stagnate at spot prices, Electric Coin is projected to receive $24 million from the $70 million network development fund over the next four years.

Timeline of Zcash