Zcash price climbed sharply on Wednesday after the community backed major network changes under the NU7 upgrade, including faster block production while preserving the cryptocurrencys existing halving structure. ZEC was trading near $1,248.34 at press time, gaining roughly 12% over the previous 24 hours.
ZEC's resilience keeps $1,750 in play if Zcash can confirm a breakout above $1,300.
Zcash holders delivered a nearly unanimous message on Network Upgrade 7 (NU7) to make the network faster, but leave its monetary clock alone. Nearly 2.4 million ZEC participated in the private poll, with 99.9% backing a cut in target block time from 75 seconds to 25, and 98.9% choosing to preserve Zcash's Bitcoin-style halving schedule.
Zcash governance participants committed nearly 2.4 million ZEC, with 99.9% backing 25-second blocks and 98.9% supporting the existing Bitcoin-style halving schedule. Only ZEC held in the Ironwood shielded pool could vote, allowing economic weight to count without publicly revealing balances, identities or individual choices.
Nearly 99% of ZEC holders voted to reduce block times to 25 seconds, while keeping ZEC issuance and halving schedules unchanged.
The privacy token is up 130% over 30 days and trades near its all-time highs from 2016, while bitcoin sits at a three-and-a-half-week low below $76,000.
Zcash coinholders voted overwhelmingly to speed up the network and leave its bitcoin-style halving schedule alone, settling the scope of NU7, the next major Zcash upgrade. Nearly 2.4 million ZEC took part out of roughly 3.
Zcash holders backed 25-second blocks and existing halvings in the NU7 vote, with nearly 2.4 million ZEC participating in the private poll.
Zcash's alignment with Bitcoin's halving model and faster transactions could enhance network efficiency but may challenge miner incentives. Zcash holders support faster transactions, bitcoin-style halvings in NU7 sentiment polls.
ZEC demand strengthened as whale accumulation, spot buying, and mining growth supported its recovery setup.
SwissBorg has added Zcash (ZEC) and Litecoin (LTC), expanding access to both assets through a platform operating under MiCA. The move comes as EU anti-money-laundering rules tighten around anonymity-enhancing crypto services.
Swiss crypto platform SwissBorg unexpectedly expanded its listings, adding support for Litecoin (LTC) and Zcash (ZEC). For the European market, where regulators have been steadily cracking down on privacy coins, the Zcash integration became the biggest surprise of the week.