Zcash Rises After Upgrade Freezes $16M in ZEC, Establishes Security Reserve

Zcash has activated Network Upgrade 7, which reduces block times from 75 to 25 seconds and will help fuel a long-term security reserve. However, the move also froze about $16 million worth of ZEC that will remain inaccessible in an outdated shielded pool. Zcash has officially completed its latest network upgrade, Network Upgrade 7 (NU7), activating at block 3,543,405 . The major milestone introduces a shift to 25-second block target times alongside the mainnet deployment of the Network Sustainability Mechanism (NSM), designed to address long-term tokenomics and security as block subsidies decline.

Source: Bitcoin.com News