Activated at block 1046400, mined November 18, 2020 12:34 UTC+00:00
Canopy is the fifth major network upgrade for Zcash, coinciding with the first Zcash halving, and in accordance with the Zcash trademark agreement, it is endorsed by both Electric Coin Co. and the Zcash Foundation. Canopy will establish a new development fund for the next four years.
Miners will receive 80% of the mining reward. The remaining 20% will be divided between the new Major Grants Fund (8%), Electric Coin Co (7%), the Zcash Foundation (5%). Read more here.
The community chose “Canopy” as the name for this network upgrade to evoke themes of collaboration and a vibrant and hospitable ecosystem for many participants.