Zcash NU7 upgrade goes live to speed private payments
In short
Zcash’s NU7 upgrade is now live. It cuts the target time between blocks to 25 seconds and makes wallets do less work to find private payments.
The update is meant to make Zcash faster and improve private payments for users and miners.
What the reporting says
Zcash’s NU7 upgrade went live, cutting the target time between blocks to 25 seconds and reducing the work wallets must do to find private payments. The upgrade also sets aside fees for future miners. The changes are aimed at speeding up the network and improving private transactions for users.
Why it matters
Zcash’s NU7 upgrade went live, with the protocol cutting the target block time to 25 seconds and reducing the work wallets need to find private payments. The upgrade also allocates fees for future miners. These changes affect Zcash users, wallet operators and miners by changing how the network processes transactions and rewards work.