The Zcash community’s vote on the NU7 network upgrade is set to close on Sept. 14, according to CryptoSlate, in a proposal that focuses on two protocol changes. One asks whether Zcash should replace its periodic halving model with a smooth issuance curve. The other asks whether block times should be reduced from 75 seconds to 25 seconds.
The proposal would not change ZEC’s total supply cap. Instead, it would adjust the pace at which new coins enter circulation. The vote is advisory rather than binding, which means that even if the proposal receives support, it would still need to go through development and deployment before taking effect.
CryptoSlate also noted that ZEC recently reached its highest level since 2018. The token was quoted at $1,093.21, with a market capitalization ranking of No. 10 at the time cited in the report.
According to CryptoSlate, the Zcash community’s vote on the NU7 network upgrade will close on Sept. 14.
The proposal centers on two questions. One is whether to replace periodic halvings with a smooth issuance curve. The other is whether to shorten block times from 75 seconds to 25 seconds.
The plan would leave ZEC’s total supply cap unchanged and only adjust the release schedule for new coins. The vote is advisory, so even if it passes, the upgrade would still require development and deployment.
CryptoSlate said ZEC recently hit its highest level since 2018. It was quoted at $1,093.21, with a market capitalization ranking of No. 10.
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