Zcash community approves new mining tax

Starting from November 2020 privacy-focused cryptocurrency Zcash will introduce a new mining tax distribution scheme that should help to move the cryptocurrency forward. A new proposal states that 80 percent of the mining rewards goes to the miners, 5% to the Zcash Foundation, 7% to the Electric Coin Company and the remaining eight percent will be used for grants. This way Zcash secures its own development and secures…