Key Highlights The upcoming Zcash Network Upgrade 7 (NU7) introduces a Network Sustainability Mechanism to redirect transaction fees toward future block rewards. Version 4 transactions will be deactivated under NU7, rendering any ZEC in the legacy Sprout shielded pool unspendable if not migrated before mainnet activation. Zcash developers will assess testnet results on October 20 ...
Key Highlights: Zcash has officially activated Network Upgrade 7 (NU7) on its public testnet, reducing target block times from 75 seconds to 25 seconds. The upgrade introduces the Network Sustainability Mechanism (NSM) to recycle transaction fees and plans the deprecation of version 4 transactions, which will impact the legacy Sprout pool. A final decision on ...
Key Highlights Zcash’s upcoming NU7 network upgrade proposes reducing target block time by two-thirds, accelerating transaction confirmations for shielded payments. The proposal maintains long-term ZEC issuance by dividing per-block rewards by three and extending the halving interval from 1.68 million to 5.04 million blocks. ZIP-235 introduces a Network Sustainability Mechanism that temporarily removes 60% of ...
Key Highlights Zcash developers target November 5 for NU7 mainnet activation after organizations and engineering teams reached “unanimous agreement” on the upgrade’s contents and timeline. The upgrade will reduce block spacing from 75 seconds to 25 seconds, disable version 4 transactions, and integrate the Network Sustainability Mechanism while preserving the halving schedule. $ZEC holders overwhelmingly ...
Zcash Advances Network Sustainability Mechanism for NU7 Upgrade The Network Sustainability Mechanism (NSM) proposal is gaining momentum on the Zcash network as a core component of the upcoming NU7 upgrade. This protocol redesign removes a portion of $ZEC from active circulation through transaction fees and recycles that value into future validator rewards, marking a departure ...