Zcash holders back 25-second blocks, vote to keep ZEC halving schedule
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Zcash token holders voted overwhelmingly to reduce the network’s target block time from 75 seconds to 25 seconds and to maintain the existing ZEC halving schedule. The faster-block proposal received 99.9% support, while 98.9% backed keeping halvings, according to a poll related to the upcoming NU7 network upgrade. Voters also favored delaying the Network Sustainability Mechanism (NSM) reissuance until February 2031.
Why it matters
The faster block time will reduce the expected wait for transaction confirmation without changing the scheduled daily issuance of ZEC. Maintaining the halving schedule preserves the current issuance model, while delaying NSM reissuance postpones changes to the economic model intended to ensure network security over the long term. The source does not detail further market or user impacts.
Key context
The NU7 upgrade under consideration includes multiple proposals for Zcash’s network parameters, with final activation dates still undetermined. Halvings are scheduled events reducing new ZEC issuance by half, helping to control inflation. The NSM aims to supplement block rewards with recycled transaction fees to sustain miner incentives amid declining issuance. Voting eligibility was limited to spendable ZEC in the Ironwood shielded pool at snapshot.
Key numbers and entities
Zcash (ZEC), NU7 network upgrade, Network Sustainability Mechanism (NSM), Ironwood shielded pool. 99.9% voted for 25-second blocks, 98.9% supported keeping halvings, and about 97% favored delaying NSM reissuance until 2031. Approximately 2.3 million ZEC tokens voted to delay NSM, with about 70,239 tokens supporting immediate start.
What remains unclear
The exact activation date for the NU7 upgrade and its components has not been determined. The source does not provide detailed implications for miners, users, or the broader market beyond token price movement. It is also unclear how the community’s advisory panels’ closer vote splits will influence final decisions.