Zcash Price Jumps After Near‑Unanimous Vote to Cut Block Time
Markets treated the governance win as a demand catalyst because faster blocks shorten confirmations and Ledger funding aims to improve private custody options.
Overview
- The NU7 community ballot drew roughly 2.4 million ZEC and delivered near‑unanimous support for a cut from 75‑second to 25‑second block times and for retaining Zcash’s Bitcoin‑style halving.
- ZEC surged about 20–23%, trading roughly between $1,337 and $1,369, as the vote result coincided with a 0.25 percentage‑point Federal Reserve rate increase that markets read as limited further tightening.
- The vote outcome does not automatically change the protocol because approved items must undergo developer work, testing and staged deployment before any mainnet upgrade.
- Zcash Labs announced funding to add shielded‑pool support for Ledger hardware wallets, which would let users hold ZEC privately on standard hardware custody devices.
- Traders caution that ZEC faces technical resistance around $1,375–$1,500 and that momentum divergence, liquidity concentrations and broader macro/derivative risks could constrain further gains.