Zcash’s landmark NU7 upgrade goes live, speeding up private payments
Source: CoinDesk ·
From the source
NU7 cuts the target time between blocks to 25 seconds, reduces the work wallets must do to find private payments and sets aside fees for future miners. Zcash activated its NU7 upgrade early Friday, cutting the target time between blocks from 75 seconds to 25 and setting up private payments to confirm three times faster. The upgrade went live at block 3,543,405 , mined at 02:34 UTC. By 04:59 UTC, the network had produced another 225 blocks, averaging about 39 seconds apart, according to ZecStats. Mining difficulty, which determines how hard it is to produce a block, was still adjusting toward the faster pace. Zcash lets people send money while hiding the sender, recipient and amount. Faster confirmations could make those payments easier to use at a shop, through an exchange or when moving funds between blockchains. A merchant could see a payment’s first confirmation in about 25 seconds on average. An exchange requiring three confirmations could cut its expected wait from nearly four…
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