Derived from Insidebitcoins, the Zcash (ZEC) price has surged 11% in the last 24 hours, reaching $410 as of 3:30 a.m. EST, with a 51.98% increase in daily trading volume to $1.33 billion. The price rally followed the announcement of a proposed dynamic fee market by Shielded Labs, a key Zcash developer, aimed at addressing rising transaction costs and network congestion. The plan would replace Zcash’s fixed fee system with a flexible model adjusting fees based on recent blockchain activity.
ZCash Price Surges 11% Amid Dynamic Fee Proposal
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