New to Zcash and I have some questions

General
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  1. Can I send from a transparent address to any shielded address, or only to a shielded address that belongs to my wallet?

  2. What is the current block subsidy?

  3. Is the dev tax 20% of the block subsidy or 20% of the total block reward (subsidy + fees)

  4. Looking at the coinbase transactions we can see that the block reward always consists of 2 outputs, one which is a fixed 0.125 ZEC and the other which varies a bit. I assume the 0.125 ZEC is the dev tax since it’s constant. But in none of the cases is the 0.125 ZEC actually 20% of the block reward?

In the case of block 3127609 for example the total block reward is 1.3768696 of which 20% would be 0.27537392 not 0.125?

What’s going on here? And if 8% is supposed to go to the Zcash Community Grants and 12% to a lock box why is there only 1 output for the dev tax? And 0.125 ZEC is neither 8% or 12% percent of 1.3768696 either.

Here is a link to the block Zcash block 3127609

Thank you.

2
  1. You can send ZEC to any shielded addresses.
  2. Excluding transaction fees, the current Block Reward is 1.5625 ZEC.
  3. The current Founders’ Reward is 0.3125 ZEC (20%), 0.125 ZEC (8%) goes to Major Grants Fund for independent developers, 0.1875 ZEC (12%) goes to Lockbox for Electric Coin Company and Zcash Foundation: Reaching Consensus - Electric Coin Company .
  4. Miners get all transaction fees. In the case of block 3127609, the miners get 1.25 ZEC (80% of Block Reward) and 0.0018696 ZEC (Transaction fees). Adding the Major Grants Fund (0.125 ZEC), the total amount would be 1.3768696 ZEC. It seems your Zcash explorer doesn’t show the Lockbox reward (0.1875 ZEC). Use this explorer instead: Zcash block 3127609 .
2 Likes
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Thank you. Bizar that the explorer listed on z.cash does not show the lockbox. This lockbox is not a usual wallet and it does not receive UTXOs? It seems to be part of the protocol.

Do you know if this is a multisig and so who has the keys? Same fore the Grants fund is that a multisig and who has the keys?

I don’t even know if Zcash supports multisig actually.

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I’m also new to zec and I like the speed and ease of use, I like zashi being able to swap my corn for zec.

I’m looking for a dark zcash phone wallpaper

What are the smallest units of zec called? Zats or something else?

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I think it’s called Zatoshi and equivalent to 0.00000001 ZEC, just like 1 Satoshi = 0.00000001 BTC

1 Like
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Makes sense sats to zats

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Zcash explorer — 3xpl is the best supported block explorer.

With the supply division, just remember there are 8 zeros on either side of the decimal, like so
21,000,000.00000000

1 zec is 100,000,000 zat because its the 9th digit from the base.

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Yeah it shows information that others do not, such as which pool is sending to which.

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The lockbox supply is on there somewhere. Zechub dashboard has good metrics. You can also get this info yourself from a full node api such as getblock io or you can run one yourself.
With a hosted node (like getblock io), all you really need is ‘curl’, it’s pretty easy.

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Are there any plans to sunset the dev tax in the future?