Zcash NU7 Mainnet Upgrade Set for November with Key Changes
- Zcash developers aim for NU7 mainnet activation on Nov. 5 after unanimous agreement on the upgrade’s details.
- The upgrade will activate on the testnet on Oct. 6, with a final decision on mainnet activation set for Oct. 20.
- NU7 will reduce block spacing from 75 seconds to 25 seconds and integrate the Network Sustainability Mechanism (NSM).
- 98.9% of ZEC holders supported maintaining the halving schedule, while 99.9% favored the faster block proposal.
- On Thursday, ZEC price surged approximately 20% in a day as privacy coins outperformed the broader market.
The upcoming NU7 upgrade is significant as it aims to enhance transaction efficiency while preserving Zcash’s halving schedule, with supply reintroduction planned for February 2031. The strong support from ZEC holders indicates confidence in these changes amidst a rising price trend.
With ZEC holders overwhelmingly backing these proposals, including a reduction in block time, this upgrade could mark a pivotal moment for Zcash’s network performance and sustainability.(Source)
