Zcash developers propose shortening the block interval to 20 seconds.
5 hours ago
Zcash developers ValarDragon and Evan Forbes submitted a draft Zcash Improvement Proposal on Sunday, proposing to reduce the target block interval from 25 seconds to 20 seconds, and include the proposal in the next community vote and discussions around the upcoming NU7.1 network upgrade. The proposal states that this move will shorten the waiting time for initial transaction confirmations, improving experiences for offline payments, exchange deposits, and cross-chain swaps. Developers noted that shortening the block interval will not increase the network’s total daily private transaction capacity, nor will it alter Zcash’s existing issuance schedule. A few days before this proposal was released, Zcash’s NU7 upgrade went live on the mainnet on Friday, cutting the target block interval from 75 seconds to 25 seconds, introducing a network sustainability mechanism that redirects a portion of transaction fees to future mining rewards, while maintaining ZEC’s total supply cap of 21 million. (Cointelegraph)
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