Network $ZEC is set to undergo a technical update in November aimed at speeding up payments by up to three times, in a move that strengthens privacy’s position within the world of digital currencies.
The update is named NU7 and intends to reduce block time to just 25 seconds, meaning faster transactions and a smoother user experience for payment enthusiasts.
On the economic side, the update allocates at least 60% of transaction fees to support mining rewards starting in 2031, which could help sustain the network’s security in the long term.
This step comes amid growing competition for privacy solutions across different chains, as $ZEC seeks to combine speed and privacy at the same time.
Press $ZEC to trade
$ZEC
Inviting you to join my group Quantitative readings and liquidity flows
https://app.binance.com/uni-qr/ikjpw7wR
The update is named NU7 and intends to reduce block time to just 25 seconds, meaning faster transactions and a smoother user experience for payment enthusiasts.
On the economic side, the update allocates at least 60% of transaction fees to support mining rewards starting in 2031, which could help sustain the network’s security in the long term.
This step comes amid growing competition for privacy solutions across different chains, as $ZEC seeks to combine speed and privacy at the same time.
Press $ZEC to trade
$ZEC
Inviting you to join my group Quantitative readings and liquidity flows
https://app.binance.com/uni-qr/ikjpw7wR
