Zcash developers confirm November date for upgrade that triples payment speed
Source: CoinDesk ·
From the source
The NU7 upgrade will cut the time between Zcash blocks to 25 seconds from 75 seconds. The chosen block height still has to be merged into the spec and shipped in node software. Zcash is a step closer to confirming a change that would speed payments on the privacy-focused blockchain by a factor of three after developers settled on the exact block at which the upgrade, known as NU7, would switch on. Zcash developer Sean Bowe filed a proposal on Tuesday to set activation at block 3,543,405, a height agreed at a meeting of Zcash Improvement Proposal (ZIP) editors, the group that signs off on changes to the blockchain’s rules. Node software Zakura's public upgrade dashboard now lists that block as the planned mainnet activation point, around Nov. 5. NU7 cuts the time between blocks, the batches of transactions added to the chain, from 75 seconds to 25 seconds. An exchange that waits for three confirmations before crediting a ZEC (ZEC) deposit could reduce the delay from nearly four…