🔥 Zcash Closes On $1,400 After Coinholders Vote to Keep Bitcoin-Style Halvings.
The privacy coin's move up the rankings signals that the market is redefining the value of privacy, according to Tim Sun, senior researcher at HashKey, with Zcash the leading front-runner in this wave of narratives. Roxana Nasoi, a core contributor at privacy network Logos, framed its appeal more bluntly, arguing that, Privacy denies everyone else the knowledge that makes you a target. Five questions on the NU7 upgrade went to a coinholder vote whose results were published on Sunday, on a turnout of 66%. Eligibility was fixed by spendable shielded ZEC held in the Ironwood pool at block 3,459,350 on August 24, one coin to one vote, and ballots were encrypted and split into 16 unlinkable pieces so totals could be counted without revealing who voted or how much they held.
Holders voted 98.9% to keep Bitcoin-style halvings rather than smooth issuance, and also chose faster 25-second blocks, immediate deprecation of the legacy Sprout pool, and a cut in scope to whatever is ready by September 30. One question divided the community. On when the network sustainability mechanism should start recycling fees back to miners, coinholders picked February 2031 by 96.6%, while the advisory panels favored as soon as possible. Shielded Labs, Project Tachyon, ZODL, the Zcash Foundation and Valar Group have since said they are aligned on the February 2031 date as the most conservative interpretation of the results, with another poll able to revisit it.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#BitcoinETFInflows #DeFiProtocol #SECryptoRegulation
The privacy coin's move up the rankings signals that the market is redefining the value of privacy, according to Tim Sun, senior researcher at HashKey, with Zcash the leading front-runner in this wave of narratives. Roxana Nasoi, a core contributor at privacy network Logos, framed its appeal more bluntly, arguing that, Privacy denies everyone else the knowledge that makes you a target. Five questions on the NU7 upgrade went to a coinholder vote whose results were published on Sunday, on a turnout of 66%. Eligibility was fixed by spendable shielded ZEC held in the Ironwood pool at block 3,459,350 on August 24, one coin to one vote, and ballots were encrypted and split into 16 unlinkable pieces so totals could be counted without revealing who voted or how much they held.
Holders voted 98.9% to keep Bitcoin-style halvings rather than smooth issuance, and also chose faster 25-second blocks, immediate deprecation of the legacy Sprout pool, and a cut in scope to whatever is ready by September 30. One question divided the community. On when the network sustainability mechanism should start recycling fees back to miners, coinholders picked February 2031 by 96.6%, while the advisory panels favored as soon as possible. Shielded Labs, Project Tachyon, ZODL, the Zcash Foundation and Valar Group have since said they are aligned on the February 2031 date as the most conservative interpretation of the results, with another poll able to revisit it.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#BitcoinETFInflows #DeFiProtocol #SECryptoRegulation