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🕵️Questbook Writeup - Research ZCash Grants

zcashzcash zcash

ZCASH - Coingeco

📜TOC


🔶Details

This repository contains the report for the following - Research on ZCash Grants, this action is being taken in order to achieve THIS. This report follows THIS structure.

🟧Introduction

ZCASH is a privacy preserving crypto currency. It is quite similar to bitcoin in the aspect of having a publicly accessible transaction ledger. Its privacy component is the differentiation factor.

ZCASH provides privacy and anonymity in cryto transactions by the following ways

  1. Zcash gives you the option of confidential transactions and financial privacy through shielded addresses. This is made possible by ZK(Zero Knowledge Proofs) - Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.

  2. Zcash also has selective disclosure features that allow the sharing of some details for the prupose of compliance and audit.

📂Type of Zcash Transactions

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These features makes zcash a preferred privacy preserving cryptocurrency, that can be used in regulated environments. It has gained wide spread adoption, by major wallets and crypto-exchanges.

📂Current ecosystem as of 2020

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The ZCASH Foundation, is a public charitable organization that builds financial privacy infrastructure for the pubic good, primariy serving the users of the ZCASH protocol and blockchain. They are also actively invovled in supporting other applications of zero-knowledge cryptography as well as other approaches to private crypto currency.

The Zcash Foundation funds Zcash development, research, and other ecosystem projects through a platform called ZF Grants.

🟧What

Zcash Grants provides funding for the Zcash ecosystem projects.

🟧Why

Zcash Grants is supported by the ZCASH Foundation, whose goal is to advance the adoption of privacy centric financial infrastructure by adopting the ZCASH protocol. As stated on the foundation's GUIDE.

The Zcash Foundation awards grant funding to Zcash ecosystem projects that advance our mission as a public charity. In short, that mission is to build and support privacy tools for everyone and anyone, both serving and guided by the Zcash Community.

We are seeking grant projects that will help people understand, access, or use Zcash and its powerful privacy protections. You should aim to achieve one of the following:

  • Improve the Zcash protocol or auxiliary software (inclusive of research).
  • Create resources for people who already save and spend ZEC.
  • Expand the Zcash community and/or increase Zcash adoption.

🟧Consideration Process / Selection Process

Every grant application should contain the fundamental principle of enhancing financial privacy by usage of the Zcash protocol. As described in their GUIDE.

Privacy is the Foundation's focus and priority, so an ideal grant project is one that promotes, encourages, facilitates, or incorporates shielded addresses and z2z transactions. An ideal grant proposal defines who will benefit from the project, as well as how and why. Lastly, an ideal grant proposal is clear, pragmatic, detailed, and justified by solid evidence or reasoning.

In addition to advancing the Zcash ecosystem. The following are guiding principle which every application should follow:

  1. Clear = Plainly stated and easy to understand.
  2. Pragmatic = Has realistic goals and expectations.
  3. Deatailed = Includes a concrete plan of action
  4. Justified = Aligned with the foundations mission.

Grant ideas can be found here. A summary of these are as follows:

  1. Wallets
  2. Core & Security
  3. Mining
  4. Layer 2
  5. Ongoing Services
  6. Education & Outreach

🟠Selection Process

A detailed overview of the selection process for grants by ZOMG can be found HERE..

📂Generic Overview of the Selection Process

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🟧Application Process

There are primarily three avenues for getting a grant

  1. Method 1 - Creating a proposal as a team or individual
  2. Method 2 - Requesting an improvement to Zcash Foundation
  3. Method 3 - ZOMG - Zcash Open Major Grants

The application process for allt he above mentioned methods are as follows

  1. Step 1 - Register yourself at ZCASH Grants Website
  2. Step 2 - Fill out the forms
  3. Step 3 - Submit
📂Interface Walkthrough Tutorial GIF

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🟧Success Metrics

A successful application should contain the following principles,as stated on the official guide.

We are seeking grant projects that will help people understand, access, or use Zcash and its powerful privacy protections. You should aim to achieve one of the following:

  1. Improve the Zcash protocol or auxiliary software (inclusive of research).
  2. Create resources for people who already save and spend ZEC.
  3. Expand the Zcash community and/or increase Zcash adoption.

🟧Wait Time

Applicaitions are reviewed, and preliminary decisions to move to the next stage for community approval/feedback, occurs in their BIWEEKLY MEETINGS.

Registered users from their main application website, will receive email notifications at every stage of the process.

You can view active proposals HERE. and official requests can be found here.

🟧Grants Split

Neither ZF Foundation nor ZOMG, have official releases about the split of grants by any specific category. The guidance for viewing ZOMG grants till date can be found here, this resource indicates that a total of 47 proposals have been funded so far since 2020. The nature of these grants are as outlined in the success metrics section.

ZF Foundation puts out a quarterly report for the following purpose as stated on their official website

As with our previous quarterly reports, this report describes our financial inflow and outflows, with a detailed breakdown of our expenses, and we have included a snapshot of the Foundation’s financial position, in terms of liquid assets and liabilities that must be met using those assets.

This report gives a summary of the proposals which have been funded not distinguished by any specific segment. As an example, their Q3 2021 REPORT. Has the following slide

📂Slide 21 of Q3 2021 Report

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During Q3, ZOMG approved 2 grants totalling $278,014 USD.

Similar metrics have also been posted in their previous reports published on their official blog.

🟧Queries

Please open an Github Issue for my attention.

🟧Disclaimer

📂OFFICIAL DISCLAIMER FROM THE AUTHOR OF THIS DOCUMENT ***

ALL INFORMATION CONTAINED IN THIS DOCUMENT IS FROM THE ZCASH OFFICIAL WEBSITE IT IS FREE FROM ANY DIRECT OR INDIRECT SUBJECTIVE INTERPRETATION. THE AUTHOR IS NOT ASSOCIATED WITH THE ORGANIZATION IN ANY FORM, AND WILL NOT ENTERTAIN ANY INQUIRIES REGARDING THE GRANTS OR FUNDING PROCESS. THIS DOCUMENT HAS BEEN CREATED STRICTLY FOR EDUCATIONAL PURPOSES. THE AUTHOR IS FREE FROM ANY CLAIMS OR DISPUTES THAT ARISE FROM READING AND USING THE INFORMATION IN THIS DOCUMENT. READING THIS DOCUMENT IS EXPRESS AND UNEQUIVOCAL AGREEMENT TO THE CONTENTS AS SET OUT IN THIS DISCLAIMER.


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