ZEC climbed to roughly an eight-year high on Aug. 25, briefly reaching $888, its highest level since 2018, according to market data from HTX. The token was still trading near $844 at the time of the report, with weekly gains topping 70%.
At the same time, the Zcash community is set to begin an around 18-day token holder vote on the scope of the upcoming NU7 network upgrade. The voting process starts from Aug. 24, which corresponds to early Aug. 25 in Beijing time, and will run until 19:00 UTC on Sept. 14.
Eligibility is based on a snapshot expected at 19:00 UTC on Aug. 24, around mainnet block height 3,459,350. Voting power only counts spendable, shielded ZEC held in the Ironwood pool at the time of the snapshot. The minimum participation threshold is 1 million ZEC.
The vote will be conducted privately through supported wallets including Zodl, Vizor, Zkool, and Keystone hardware wallets. Only aggregated results will be published, with no disclosure of individual voting details. The stated goal is to collect token holder views on the upgrade scope for reference by the community and developers.
ZEC rose to roughly an eight-year high on Aug. 25, briefly touching $888, its highest price since 2018, according to HTX market data. The token had gained more than 70% over the past week and was still holding near $844 at the time of the report.
The price move came as the Zcash community prepared to begin an around 18-day token holder vote on the scope of the upcoming NU7 upgrade. The voting process starts from Aug. 24, corresponding to early Aug. 25 in Beijing time. The minimum participation threshold is 1 million ZEC.
Voting eligibility is tied to a snapshot expected at 19:00 UTC on Aug. 24, around mainnet block height 3,459,350. Voting power is based on spendable, shielded ZEC held in the Ironwood pool at the snapshot time.
The vote opens on Aug. 25 and ends at 19:00 UTC on Sept. 14. It will be conducted privately through supported wallets including Zodl, Vizor, Zkool, and Keystone hardware wallets. Only aggregated results will be released, without exposing individual voting details.
The purpose of the vote is to gather token holder views on the scope of the NU7 upgrade for reference by the community and developers.
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