Zcash holders support faster transactions and sustainability measures
- 96.6% of Zcash holders voted to delay the reissuance of ZEC from the Network Sustainability Mechanism until February 2031.
- The new system will remove over 60% of transaction fees from circulation, recycling them through future block rewards.
- 99.3% of holders voted to implement the NU7 upgrade immediately, prioritizing features ready by September 30.
- The proposed block time is set at just 25 seconds, enhancing transaction speed for private ZEC payments.
- Recent software improvements have reduced proof-generation times on mobile devices from over three seconds to under two hundred milliseconds.
These decisions reflect a strong community consensus towards enhancing Zcash privacy and efficiency while maintaining its maximum supply and halving schedule intact.
With a significant majority supporting immediate upgrades and long-term sustainability measures, Zcash is poised for improved transaction efficiency as evidenced by the vote outcomes and planned changes.(Source)
