Zcash Surges Past $1,388 as Community Votes for NU7 Upgrade

Zcash has surged to $1,388 after its community voted on the shape of its next network upgrade. This follows a record turnout of 66% among eligible coinholders, with 98.9% choosing to preserve Bitcoin-style halvings.

The upgrade, known as NU7, will also include faster blocks and a cut in scope. However, it has been delayed until September 30 due to the complexity of the changes.

One question divided the community: when should the network's sustainability mechanism start recycling fees back to miners? Coinholders voted 96.6% for February 2031, while advisory panels favored 'as soon as possible.'