What is the issuance and circulation of Zcash?

Issuance and Circulation of Zcash

Zcash, a privacy-focused cryptocurrency, was first released in October 2016. The original issuance of Zcash was set at 21 million coins, with a target inflation rate of 1.25% per year.

Issuance

Zcash's issuance is based on a unique "Founders' Reward" mechanism. Upon its launch, 10% of the total supply, or 2.1 million ZEC, was allocated to the Zcash Foundation and early contributors. This reward was intended to fund the ongoing development and promotion of Zcash.

The remaining 90% of the supply, or 18.9 million ZEC, was gradually issued through block rewards to miners. The block reward started at 50 ZEC per block and halved approximately every four years. The next halving is scheduled to occur in November 2024.

Circulation

Zcash's circulating supply has increased steadily since its launch. As of [Date], the circulating supply stands at approximately 15.2 million ZEC. This means that roughly 70% of the original issuance is currently in circulation.

The remaining 3.7 million ZEC is held in reserve by the Zcash Foundation and other early contributors. These reserves may be gradually released into circulation in the future to support ongoing development and ecosystem growth.

Key Points

• Zcash's issuance is limited to 21 million coins.
• The initial issuance included a 10% Founders' Reward.
• Block rewards to miners account for the remaining 90% of the supply.
• The block reward halving occurs approximately every four years.
• As of [Date], approximately 15.2 million ZEC is in circulation.
• The Zcash Foundation holds reserves of 3.7 million ZEC.