Zcash Developers Target November for Major Network Upgrade
- The NU7 upgrade is set to activate on November 5, reducing block time from 75 seconds to just 25 seconds.
- To maintain the same daily issuance of new ZEC, miner rewards per block will be reduced by roughly a third.
- 98.9% of voting coinholders supported keeping Zcash’s Bitcoin-style halvings intact.
- A new mechanism will start banking transaction fees in 2026 to support miners after the year 2031.
The upcoming NU7 upgrade aims to enhance Zcash by significantly speeding up transaction confirmations while ensuring that the total amount of newly minted ZEC remains unchanged daily. This change reflects a strong community preference for maintaining the existing halving model, which aligns with Bitcoin’s fixed-supply approach.
By implementing these changes, Zcash developers aim to ensure long-term network sustainability and secure miner compensation well into the future without altering its core supply principles. Source
