- ZCash token holders voted 99.9% in favor of cutting the network’s target block time from 75 seconds to 25 seconds for the upcoming NU7 upgrade.
- Nearly 99% of voters supported preserving the existing halving schedule, while about 97% voted to delay the Network Sustainability Mechanism reissuance until February 2031.
- ZEC rose 3.8% in the past 24 hours, extending a 132% rally over the past month.
Zcash (ZEC) token holders overwhelmingly approved reducing the network’s target block time to 25 seconds from 75 seconds while preserving its existing halving schedule, according to results published Monday. The faster-block proposal received 99.9% of the ZEC-weighted vote, and 98.9% supported keeping halvings, with both percentages including abstentions.
The shorter interval would reduce the expected wait for a transaction’s first confirmation, according to the proposal. The amount of new ZEC issued per block would fall to keep scheduled daily issuance unchanged.
The changes are proposed for NU7, a Zcash network upgrade whose activation date remains undetermined. Token holders also favored excluding features not implemented by Sept. 30.
The coinholder vote was separate from polls of ZecHub, the Zcash Community Advisory Panel and other community groups. Developers plan to ship the final items for the upgrade by the Sept. 30 deadline, with testnet and mainnet activation not yet determined.
Halvings are scheduled cuts that reduce the issuance of new ZEC by half. The winning option would preserve that schedule while allowing funds removed from circulation under a separate proposal to be returned through future block rewards.
The advisory-panel results showed a closer split, with 57 members favoring a gradual issuance curve that would replace halvings and 54 favoring keeping them. About 97% of token holders voted to delay Network Sustainability Mechanism reissuance until February 2031, with 2.3 million ZEC tokens voting to delay while only about 70,239 tokens voted to start it as soon as possible.
NSM was proposed in January in response to the network’s long-term security budget concerns. ZEC rose 3.8% in the past 24 hours, extending its 132% rally seen during the past month, according to CoinMarketCap data.
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