Zcash Pursues NU7 Upgrade Next Month to Cut Block Times to 25 Seconds From 75
JOON HYOUNG LEE
Summary
- Privacy coin Zcash (ZEC) plans to shorten block-generation times through its NU7 upgrade next month.
- Once the upgrade is activated, block-generation times will be reduced to 25 seconds from 75 seconds.
- Under the plan, 60% of transaction fees per block will be temporarily removed from circulation and then paid to miners starting in February 2031, while the existing block reward halving schedule will remain unchanged.
Forecast Trend Report by Period
Privacy coin Zcash (ZEC) plans to roll out its NU7 upgrade next month, sharply reducing its block-generation interval.
BlockBeats reported on October 21 that Zcash core developer Sean Bowe submitted a proposal on October 20 to activate the NU7 upgrade at block height 3,543,405.
That block is projected to be reached on November 5. Once activated, Zcash's block-generation interval will be cut to 25 seconds from 75 seconds.
The handling of transaction fees will also change. Under the proposal, 60% of transaction fees per block will be temporarily removed from circulation and paid to miners starting in February 2031. The existing block reward halving schedule will remain unchanged.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul