Zcash Sustainability Fund
summary
Proposes a protocol change that preserves the 21 million cap while diverting small amounts of ZEC into a protocol-accounted sustainability balance tracked by nodes, implemented as three ZIPs: ZIP 233: protocol-level ZSF balance and new transaction deposit field, ZIP 234: exponential smoothing of issuance to mimic four‑year halfing, 60/40 fee split (ZIP 235) sending 60% of transaction fees to ZSF. ZIPs are published for review, zebra implementation is ~60–70% complete, zcashd work estimated ~12 weeks, estimated miner impact ~210 ZEC/year (~$4k–6k).
AI-written summary · about
chapters (16)
- 0:00Intro: problem & solutions
- 2:03Background & history of Zcash Posterity Fund
- 5:57Project Overview
- 10:10ZSF: ZIP Process
- 14:55ZSF Use Cases
- 17:52Establishing the ZSF - ZIP 233
- 22:24Smoothing out the issuance curve - ZIP 234
- 26:5460/40 transaction fee split - ZIP 235
- 28:20Implementation status
- 28:57Call To Action
- 29:31Building Community Consensus
- 32:00Desirable to enable ZSF without smoothing of the issuance curve?
- 33:50Wouldn't 50/50 be more neutral than 60/40 for transaction fees going into ZSF?
- 34:40In a PoS liquid staking Zcash, could the ZSF be staked to secure the network as well?
- 35:48Does it make sense to push back activation until after zcashd deprecation and implement it for zebrad?
- 37:13Thank you
related talks
26mEnvisioning Zcash at Global Scale
57mSecurity Engineering: Zcash Ecosystem Security and Learning From Safety-Critical Disciplines
01h 00mPool Retirement
32mMotivations of Proof of Stake
01h 02mElectric Coin Company: Proof of Stake
06mAnza - Engineering Internet Capital Markets
32mThe Zcash UniFFI Library
31mShared Sequencing, the Next Step toward Decentralizing Rollups