CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Zcash devs propose another block time cut days after NU7 upgrade

Cointelegraph - Blockchain logo

Published on

Add as a preferred source on Google
Zcash devs propose another block time cut days after NU7 upgrade

The proposed reduction aims to shorten transaction confirmation times and improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.

Zcash developers have proposed reducing the blockchain’s target block interval from 25 seconds to 20 seconds, seeking faster transaction confirmations days after activating the NU7 upgrade.

On Sunday, developers ValarDragon and Evan Forbes submitted a draft Zcash Improvement Proposal (ZIP) on the Zcash community forum, saying that they want the change to be included in the next community poll and considered for the upcoming NU7.1 network upgrade.

The reduction would shorten the expected wait for initial transaction confirmations. According to the proposal, this would improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.

The developers said the change would not increase the network’s overall daily capacity for private transactions. The proposal would also preserve Zcash’s existing issuance schedule, despite blocks being produced more frequently.

The proposal comes just days after Zcash’s NU7 upgrade went live. On Friday, the NU7 upgrade was activated on the mainnet, cutting the network’s target block interval from 75 seconds to 25 seconds.

The upgrade also introduced a Network Sustainability Mechanism designed to recycle a portion of transaction fees into future mining rewards while preserving Zcash’s 21 million ZEC supply cap.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.