Zcash jumps 17% to $1,300 on NU7 vote, Ledger deal, ZCSH ETF
- —99.9% of participating ZEC supported cutting block intervals from 75 to 25 seconds
- —NU7 vote turnout was about 2.4 million ZEC out of 3.6 million available in the Ironwood pool
- —Zcash Labs will allocate $80,000 to integrate the Ironwood pool into Ledger hardware wallets
- —Grayscale's ZCSH ETF AUM exceeded $500 million after its NYSE Arca debut on August 25
Why it matters: The vote is a mandate, not an activation: launching NU7 requires specifications, audits, and coordination among miners and exchanges.
Source: The Crypto Times