Zcash (ZEC) Price Holds Steady as NU7 Upgrade Cuts Block Times to 25 Seconds

TLDR Zcash activated its NU7 upgrade at block 3,543,405, cutting target block time from 75 seconds to 25. ZEC traded near $1,308, with $1,340 as the key resistance level. Grayscale’s ZEC ETF saw $10.99 million in outflows on Thursday. Open interest rose to 2.15 million ZEC, up from 2.05 million a day earlier. Miners now get 40% of fees, while 60% goes into a reserve for future rewards. Zcash switched on its NU7 upgrade early Friday. The change cuts the target time between blocks from 75 seconds to 25. Private payments should now confirm about three times faster.

Also reported by CoinTurk News.

Source: CoinCentral