Update: After receiving feedback from community members expressing concerns about using the term “burning” in the context of the NSM, we have decided to update the terminology. The ZIPs and source code will be amended to reflect the following changes:
- ZIP 233: Introduces a mechanism to remove ZEC from circulation.
- ZIP 234: Smooths the issuance curve and enables coins that have been removed from circulation to be recycled into future block rewards.
- ZIP 235: Removes 60% of transaction fees from circulation to support network sustainability.