Zcash Jumps 12% as Developers Propose Block 3,543,405 for…
By Abdelaziz Fathi
AI summary of the source article
Developers proposed block 3,543,405, expected around November 5, for Zcash's NU7 upgrade, sending ZEC up nearly 12%. The upgrade would cut target block times from 75 to 25 seconds and permanently disable spending from the legacy Sprout pool.
Why it matters
The text states that "the combination of shorter blocks and altered fee distribution makes NU7 both a payment-speed upgrade and a change to the network's longer-term miner compensation structure."
Key facts
- Zcash developers proposed block 3,543,405, expected around November 5, as the mainnet activation height for the NU7 upgrade.
- The NU7 upgrade would reduce target block intervals from 75 seconds to 25 seconds and permanently prevent spending from the Sprout shielded pool.
- Under the proposed Network Sustainability Mechanism, 60% of transaction fees would be held in a protocol-level balance until mining rewards return them starting around February 2031.
Source excerpt · FinanceFeeds
Zcash (ZEC) climbed nearly 12% over the past 24 hours as developers moved closer to scheduling the network's NU7 upgrade, proposing mainnet activation at block 3,543,405, expected around November 5. The upgrade would cut Zcash's target block time from 75 seconds to 25 seconds, while introducing changes to transaction fees and permanently disabling spending from its original Sprout shielded pool. Z…