Zcash Token Holders Back Faster Blocks, Preserve Halving Schedule

Zcash token holders have overwhelmingly backed a proposal to reduce the network's target block time from 75 seconds to 25 seconds, as part of its next major upgrade, NU7. The move would cut the expected wait for a transaction's first confirmation.

The faster-block proposal received 99.9% of the Zcash (ZEC)-weighted vote, while 98.9% supported keeping halvings, according to results published Monday. Voting power reflected eligible ZEC holdings, with both percentages including abstentions.

Developers plan to ship the final items for the upgrade by September 30, with testnet and mainnet activation not yet determined.

The coinholder vote was separate from polls of ZecHub, the Zcash Community Advisory Panel, and other community groups. Eligibility was limited to spendable ZEC in the Ironwood shielded pool at the voting snapshot.