Zcash proposal would burn fees and direct them to miners under NU7
- —60% of fees will go to a reserve pool for future miner payouts
- —The target block time is reduced from 75 to 25 seconds
- —The 21 million ZEC hard cap remains unchanged, with no new coins issued
- —The NSM prepares the network for a possible transition to Proof-of-Stake
Why it matters: The mechanism addresses the decline in block subsidies and reduces the network's security dependence on volatile fees.
Source: Cryptonews.net