Zcash blocks are about to get three times faster, and one group of holders needs to act first.
đ§ In plain words
Per Cointelegraph, the NU7 upgrade went live on Zcash testnet on October 4, with mainnet targeted for November 5 and a final go decision on October 20. Block time drops from 75 seconds to 25, older version 4 transactions get disabled, and a new mechanism sends fees into future block rewards. It is like a bus route moving from every 75 minutes to every 25: same stops, far less waiting.
â What it means for you
âą Faster confirmations for $ZEC transfers once mainnet activates.
âą Coins still in the old Sprout shielded pool must be moved before activation, or they become unspendable.
âą Exchanges and wallets may pause deposits around the upgrade, so watch their notices.
Takeaway: if you hold old Sprout funds, deal with them well before November 5.
#Zcash #NU7
đ§ In plain words
Per Cointelegraph, the NU7 upgrade went live on Zcash testnet on October 4, with mainnet targeted for November 5 and a final go decision on October 20. Block time drops from 75 seconds to 25, older version 4 transactions get disabled, and a new mechanism sends fees into future block rewards. It is like a bus route moving from every 75 minutes to every 25: same stops, far less waiting.
â What it means for you
âą Faster confirmations for $ZEC transfers once mainnet activates.
âą Coins still in the old Sprout shielded pool must be moved before activation, or they become unspendable.
âą Exchanges and wallets may pause deposits around the upgrade, so watch their notices.
Takeaway: if you hold old Sprout funds, deal with them well before November 5.
#Zcash #NU7