Zcash Governance Vote Backs Faster Block Times
- Nearly two-thirds of eligible Zcash holders participated in a vote, with about 2.4 million ZEC supporting the proposal for 25-second blocks.
- The proposal, ZIP 218, received overwhelming support with only approximately 141.6 ZEC opposing it.
- Zcash’s price surged by 10.4% following the vote, contrasting with a broader crypto market decline of 1.08%.
- Developers must complete coding and testing for NU7 before the proposed changes can be activated.
The Zcash community showed strong support for reducing block times from the current target of 75 seconds to just 25 seconds. This change aims to improve transaction speed without altering the total coin supply cap.
The nearly unanimous vote reflects a clear preference among Zcash holders for faster transaction processing while maintaining existing issuance mechanisms like halvings. This decision has positively impacted ZEC’s market performance despite broader market trends. (Source)
