Zcash Approaches NU7 Upgrade; Approximately 12,200 ZEC Remain in Sprout Pool

TechFlow news, Nov. 6: According to The Defiant, Zcash is approaching the NU7 network upgrade. A Nov. 5 network snapshot cited in the report shows that approximately 12,224 ZEC remain in the legacy Sprout privacy pool. The upgrade will activate at block height 3,543,405, after which funds remaining in the pool will be unspendable.

NU7 will invalidate version 4 transactions that support Sprout transfers and shorten the target block interval from 75 seconds to 25 seconds. The subsidy per block will also be reduced to one-third of its original level to maintain the planned daily issuance.

Source: TechFlow