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Zcash to activate NU7 upgrade, freezing about $16m of ZEC in Sprout pool

NewsFeeds update

Zcash holders must move about $16m of ZEC out of the Sprout privacy pool before the NU7 upgrade, expected around 02:30 UTC on 6 Nov (02:30 UTC). About 12,226 ZEC, worth roughly $16m at $1,300 each, remained in the pool on Thursday morning.

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The story so far: Zcash NU7 upgrade

Zcash's NU7 upgrade will cut block times from 75 seconds to 25 seconds and shut the original Sprout privacy system, with holders needing to move about $16m of ZEC out of the Sprout pool before activation. NU7 has now completed, cutting the target block time to 25 seconds and setting the block reward at 0.52083333 ZEC…

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  1. Zcash activates NU7 network upgrade on testnet at block 4,465,026

  2. Zcash price recovers as traders eye upcoming NU7 upgrade

  3. Zcash confirms NU7 upgrade timing, tripling payment speed

  4. Sean Bowe proposes Zcash NU7 activation height of 3,543,405, expected around 5 November

  5. Zcash says 61.3% of observed mainnet nodes signal NU7 support

  6. Zcash to activate NU7 upgrade, freezing about $16m of ZEC in Sprout pool

  7. Zcash rises about 8% in 24 hours after NU7 upgrade cuts block time

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.