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Zcash Wins 99.9% Support for Major Network Upgrade

Zcash Wins 99.9% Support for Major Network Upgrade


9h04 ▪
10
min read ▪ by
Evans S.

Summarize this article with:

Zcash is preparing to drastically reduce the time between its blocks. During the vote organized around the NU7 upgrade, 99.9% of expressed ZEC supported the shift from 75 to 25 seconds. Crypto holders also chose at 98.9% to keep the current halving schedule. About 2.4 million ZEC participated in the vote, out of 3.6 million eligible at the snapshot. For this privacy-focused crypto network, NU7 thus affects both performance and the future issuance of ZEC. 

A crypto community activates a Zcash upgrade around a counter showing 99.9%.A crypto community activates a Zcash upgrade around a counter showing 99.9%.

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