The advisory poll also favored Sprout transaction deprecation, faster blocks and shipping the upgrade without features that miss its deadline.
Some of the most active investors and cryptographers have entered the public debate about how Zcash funds its own development, arguing on both sides of a 20% tax on block rewards and a growing push for ZEC to behave more like a typical store of value.
Qureshi's proposal to end Zcash's development fund by 2028 aims to prevent institutionalization, ensuring technical focus and finite governance. Dragonfly's Qureshi calls for Zcash development fund to end around 2028.
ZEC climbs above $1,500 as ETF demand, Paradigm's ZEC holdings and the upcoming NU7 upgrade fuel renewed market interest.
Zcash targets November 5 for its NU7 mainnet upgrade, which cuts block times to 25 seconds pending an October 20 review.
The Zcash development community has established November 5 as the provisional launch date for the NU7 mainnet implementation, following complete consensus among participating organizations and technical teams regarding both the upgrade's components and deployment schedule.
U.S. spot ether exchange-traded funds extended their withdrawal streak on Thursday, recording roughly $39 million in net outflows even as the broader cryptocurrency market rallied. According to SoSoValue data, Ethereum ETFs have now posted three consecutive days of withdrawals.
Zcash developers target Nov. 5 for NU7 mainnet activation, with 25-second blocks, preserved halvings and an Oct. 6 testnet rollout.
NU7 will cut Zcash block times to 25 seconds and preserve its halving schedule, with testnet activation planned for Oct. 6.
Privacy-centric coin Zcash (ZEC) was the best performer among the top 10 cryptocurrencies at press time, after surging 10% in the day to trade at $1,467.
ZEC extends its sharp rally as the NU7 governance vote, institutional interest and strong momentum keep the $1,800 analyst target in focus.
"The real scary thing is, if this runs for $2k it could go straight to 6