ZEC rises over 3% as community votes to reduce block time to 25 seconds
Zcash (ZEC) has outperformed the broader crypto market, rising approximately 3.7% in 24 hours to reach a market capitalization exceeding $20 billion. The rally follows the results of the NU7 governance vote, where 99.9% of participating ZEC holders supported reducing block times from 75 seconds to 25 seconds to improve payment and wallet experiences. Additionally, 98.9% of voters supported maintaining the existing halving mechanism over a smoother issuance curve. The community also reached a consensus on phasing out the legacy Sprout privacy system and delaying the redistribution of Network Sustainability Mechanism (NSM) fees until February 2031.
Summaries are written by AI from the original article. Not investment advice.