Key facts
- Nearly 99.9% of ZEC-weighted votes supported reducing block times to 25 seconds from 75 seconds.
- Around 98.9% of voting ZEC favored maintaining the existing halving model, mirroring Bitcoin's fixed schedule.
- 96.6% of token holders voted to postpone the Network Sustainability Mechanism reissuance until February 2031.
- 99.3% of voting ZEC supported shipping NU7 as soon as possible, potentially excluding features not ready by September 30.
- The Zcash (ZEC) token price surged over 10% following the governance vote.
Zcash token holders have overwhelmingly backed key proposals for the network's upcoming NU7 upgrade, including reducing the target block time to 25 seconds from 75 seconds and maintaining the existing halving schedule. The results, published Monday, showed nearly 99.9% of ZEC-weighted votes in favor of faster blocks and 98.9% in favor of preserving the halving schedule. These changes aim to decrease the wait time for transaction confirmations while keeping the daily issuance of new ZEC tokens consistent with Bitcoin's model. The proposal also indicated that features not implemented by September 30 would be excluded from the upgrade. Separately, a significant majority, approximately 96.6% of token holders, voted to delay the implementation of the Network Sustainability Mechanism (NSM) until February 2031. The NSM is designed to recycle a portion of transaction fees into future block rewards to address long-term network security budget concerns as declining block rewards may eventually become insufficient to incentivize miners. The Zcash (ZEC) token price surged over 10% following the vote, trading near $1,248.34.