ZCASH HOLDERS APPROVE MAJOR NU7 UPGRADE AS $ZEC SURGES 170%.
• Nearly 2.4 million ZEC participated in the governance vote, representing roughly two-thirds of eligible supply, with overwhelming support for the proposed NU7 upgrade.
• Around 99.9% backed reducing block times from 75 seconds to 25 seconds, while 98.9% supported keeping the current halving schedule and 96.6% approved delaying the Sustainability Mechanism’s reissuance until February 2031.
• Holders also supported launching NU7 as soon as possible, even if unfinished features need to be removed before the September 30 deadline. However, the upgrade still requires further coding and testing before activation.
•$ZEC was trading near $1,365 on September 17, up approximately 169.6% in 30 days. The next focus is whether developers can deliver NU7 on schedule without compromising network security.
#zec
• Nearly 2.4 million ZEC participated in the governance vote, representing roughly two-thirds of eligible supply, with overwhelming support for the proposed NU7 upgrade.
• Around 99.9% backed reducing block times from 75 seconds to 25 seconds, while 98.9% supported keeping the current halving schedule and 96.6% approved delaying the Sustainability Mechanism’s reissuance until February 2031.
• Holders also supported launching NU7 as soon as possible, even if unfinished features need to be removed before the September 30 deadline. However, the upgrade still requires further coding and testing before activation.
•$ZEC was trading near $1,365 on September 17, up approximately 169.6% in 30 days. The next focus is whether developers can deliver NU7 on schedule without compromising network security.
#zec
