Zcash holders support faster block times and maintain halving schedule
- 99.9% of Zcash (ZEC) token holders voted to reduce the target block time from 75 seconds to 25 seconds.
- 98.9% supported preserving the existing halving schedule, which reduces new ZEC issuance by half.
- The vote was part of the upcoming NU7 upgrade, with no set activation date yet determined.
- 97% of voters opted to delay the Network Sustainability Mechanism (NSM) reissuance until February 2031.
- ZEC price increased by 3.8% in the last day, marking a total rally of approximately 132% over the past month.
The recent poll results indicate strong support among Zcash holders for both faster transaction confirmations and maintaining the halving schedule, which is crucial for managing supply dynamics within the network.
With a significant majority backing these changes, ZEC’s price performance reflects positive market sentiment, rising by over three percent in just one day after these developments were announced.
