Zcash NU7 Upgrade Goes Live, Slashing Block Times From 75 Seconds to Just 25 Seconds
🚀 Zcash's major network upgrade, NU7, was activated on November 5, reducing block times from 75 seconds to just 25 seconds and adjusting block rewards to maintain ZEC circulation.
🔒 The new Network Sustainability Mechanism (NSM) will remove 60% of transaction fees from circulation and reissue them through future block rewards, preserving Zcash's fixed supply cap of 21 million ZEC.
📈 Despite a strong performance this year, ZEC's price fluctuated post-upgrade, briefly dropping to around $1,222 before recovering to approximately $1,290.
🚀 Zcash's major network upgrade, NU7, was activated on November 5, reducing block times from 75 seconds to just 25 seconds and adjusting block rewards to maintain ZEC circulation.
🔒 The new Network Sustainability Mechanism (NSM) will remove 60% of transaction fees from circulation and reissue them through future block rewards, preserving Zcash's fixed supply cap of 21 million ZEC.
📈 Despite a strong performance this year, ZEC's price fluctuated post-upgrade, briefly dropping to around $1,222 before recovering to approximately $1,290.