Zcash developers propose reducing block times from 25 to 20 seconds. The upgrade maintains daily ZEC issuance and transaction capacity. Meanwhile, ZEC price drops 3.80% to $1,215 as selling p
Zcash (ZEC) developers are proposing to speed up the network by reducing the time between blocks from 25 seconds to 20 seconds. The goal is to deliver faster transaction confirmations for everyday payments, exchange deposits, withdrawals, and transfers between blockchains.
The proposal builds on an earlier upgrade called NU7, which reduced block times from 75 seconds to 25 seconds. Developers now want to introduce the next reduction through the planned NU7.1 upgrade.
However, the proposed improvement comes as ZEC faces selling pressure. The coin fell 3.80% to $1,215 in 24 hours, underperforming Bitcoin, which dropped 2.02%.
Read The Full Article Zcash Developers Propose 20-Sec Block as ZEC Price Faces Selling Pressure On Coin Edition.
