Zcash sets NU7 activation block, cutting block times from 75 to 25 seconds
- —NU7 activates at block 3,543,405, expected around November 5
- —Block time drops from 75 to 25 seconds, speeding up exchange confirmations
- —60% of transaction fees will be temporarily removed from circulation and paid to miners around 2031
- —The Sprout pool will be disabled, potentially making ZEC on old addresses unspendable
Why it matters: Faster blocks make Zcash more practical for payments, but holders of legacy Sprout addresses must move funds before activation.
Source: Bitcoin Sistemi