Over 12,000 ZEC, worth around $16 million, became immovable at around 10:30 this morning.
NU7 activated at block 3543405, cutting block times from 75 seconds to 25 seconds. 60% of transaction fees will be locked up first, then gradually released back into rewards over the next few years. The oldest privacy pool, Sprout, has been shut down completely—the coins in it can no longer be transferred, even with the private keys.
$ZEC is now hovering around 1,310, basically unchanged over the past 24 hours. I thought such a major upgrade going live would at least move the price a bit, but there was no reaction at all.
#ZEC #MarketAnalysis
NU7 activated at block 3543405, cutting block times from 75 seconds to 25 seconds. 60% of transaction fees will be locked up first, then gradually released back into rewards over the next few years. The oldest privacy pool, Sprout, has been shut down completely—the coins in it can no longer be transferred, even with the private keys.
$ZEC is now hovering around 1,310, basically unchanged over the past 24 hours. I thought such a major upgrade going live would at least move the price a bit, but there was no reaction at all.
#ZEC #MarketAnalysis