Zcash Activates NU7, Taking 60% of Transaction Fees Out of Circulation
By Unchained
AI summary of the source article
Zcash activated its NU7 network upgrade, launching the Network Sustainability Mechanism to pull 60% of transaction fees out of circulation until reissuance starts in 2031. The upgrade also lowers block times from 75 seconds to 25 seconds.
Key facts
- Zcash's NU7 upgrade activated at block 3,543,405 at 9:34 p.m. ET on Thursday.
- Under ZIP 235, miners keep 40% of block fees while 60% leaves circulation to be gradually reissued starting in 2031.
- NU7 cuts the block target from 75 seconds to 25 seconds and drops support for version 4 transactions, leaving Sprout pool coins unspendable.
Source excerpt · Unchained
The upgrade, which switches on Shielded Labs' Network Sustainability Mechanism, activated at block 3,543,405 at 9:34 p.m. ET Thursday, per Blockchair data. The post Zcash Activates NU7, Taking 60% of Transaction Fees Out of Circulation appeared first on Unchained .