Zcash token holders supported lowering the network’s targeted block duration from 75 seconds to 25 seconds while maintaining the current halving framework during a vote concerning the upcoming major network upgrade.
As indicated by figures released on Monday, the proposal advocating for accelerated blocks secured 99.9% of the Zcash (ZEC)-weighted participation, whereas 98.9% favored retaining the halving events. Voting influence was determined by qualifying ZEC balances, and both figures accounted for abstaining votes.
Based on the proposal details, this shortened timeframe decreases the expected waiting period for an initial transaction confirmation. To keep scheduled daily token generation steady, the volume of newly minted ZEC produced per block would drop.
These modifications are intended for NU7, a forthcoming Zcash network upgrade that lacks a finalized rollout date. Participants additionally expressed preference for omitting any capabilities that are not integrated by September 30.
Results of the NU7 sentiment poll. Source: forum.zcashcommunity.com
This coinholder ballot was conducted independently from surveys involving ZecHub, the Zcash Community Advisory Panel, and other affiliated collectives. Participation was restricted to liquid ZEC situated within the Ironwood shielded pool at the time of the voting snapshot. Software engineers intend to deploy the concluding elements for the upgrade by the September 30 deadline, although testnet and mainnet deployment timing is yet to be established.
Halvings are programmed adjustments that cut the creation of fresh ZEC in half. The victorious coinholder alternative would sustain this timeline while enabling coins removed from circulation through a separate initiative to be re-injected via subsequent block incentives.
Outcomes from the advisory panel displayed a closer division, with 57 participants backing a gradual issuance trajectory that would supplant halvings, while 54 opted to preserve them.
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Zcash coinholders favor delaying reissuance
An additional significant feature evaluated for NU7 integration was the Network Sustainability Mechanism (NSM), a suggested modification to Zcash’s economic structure designed to channel a segment of transaction fees back into a reserve pool instead of relying strictly on block subsidies.
Roughly 97% of asset holders voted to postpone NSM reissuance until February 2031, with 2.3 million ZEC tokens supporting the delay, compared to roughly 70,239 tokens favoring an immediate rollout.
The NSM was originally suggested back in January to address long-term security funding concerns for the network, given that shrinking block incentives could ultimately prove insufficient for motivating miners to process transactions. The three-phase architecture aims to burn and recycle 60% of ZEC transaction costs into future block payouts, all without surpassing the fixed 21 million maximum token cap.
Statistics from CoinMarketCap indicate that ZEC climbed 3.8% over the preceding 24 hours, building upon its 132% surge observed throughout the prior month.
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