Zcash Sets November Date for Major NU7 Upgrade — Transaction Speeds to Triple!
Privacy blockchain Zcash ($ZEC ) has officially locked in the block height for its upcoming Network Upgrade 7 (NU7), targeting mainnet activation around November 5 at block 3,543,405.
Key Takeaways:
3x Faster Confirmations: Target block times drop from 75 seconds to just 25 seconds, dramatically cutting wait times for shielded transfers and exchange deposits (a standard 3-confirmation deposit shrinks from ~4 minutes to ~75 seconds).
Sunset of Legacy Sprout: Zcash’s original privacy pool (Sprout) will officially shut down; unmigrated funds sitting there will become unspendable after activation.
Network Sustainability: NU7 also introduces a new fee allocation mechanism that temporarily pulls 60% of transaction fees to support long-term miner rewards starting in 2031.
The upgrade has been running smoothly on testnet since early October. With faster UX and streamlined privacy pools, NU7 represents one of Zcash's most practical updates to date.
Will faster block times give $ZEC the edge it needs in everyday payments? Drop your thoughts below! 👇
#ZEC #Zcash #CryptoNews #BlockchainUpdate #Altcoins
$ZEC
Privacy blockchain Zcash ($ZEC ) has officially locked in the block height for its upcoming Network Upgrade 7 (NU7), targeting mainnet activation around November 5 at block 3,543,405.
Key Takeaways:
3x Faster Confirmations: Target block times drop from 75 seconds to just 25 seconds, dramatically cutting wait times for shielded transfers and exchange deposits (a standard 3-confirmation deposit shrinks from ~4 minutes to ~75 seconds).
Sunset of Legacy Sprout: Zcash’s original privacy pool (Sprout) will officially shut down; unmigrated funds sitting there will become unspendable after activation.
Network Sustainability: NU7 also introduces a new fee allocation mechanism that temporarily pulls 60% of transaction fees to support long-term miner rewards starting in 2031.
The upgrade has been running smoothly on testnet since early October. With faster UX and streamlined privacy pools, NU7 represents one of Zcash's most practical updates to date.
Will faster block times give $ZEC the edge it needs in everyday payments? Drop your thoughts below! 👇
#ZEC #Zcash #CryptoNews #BlockchainUpdate #Altcoins
$ZEC