ZEC price rises 8% following Network Upgrade 7

iconKuCoinFlash
Share
This is the logo of the coin.
ZEC
$955.08-3.54%
This is the logo of the coin.
BITCOINalpha
$0.01146-3.89%
AI summary iconSummary
Zcash network activity surged after Network Upgrade 7 (NU7) reduced block time to 25 seconds and adjusted the block reward to 0.52083333 ZEC. Network metrics show improved efficiency, with the total supply cap remaining unchanged at 21 million ZEC. The next halving is scheduled for block height 6,132,390 in late 2028. ZEC price rose 8% in 24 hours, increasing from $1,225 to $1,345.

Odaily Planet Daily report: Zcash has completed Network Upgrade 7 (NU7), reducing the target block time from 75 seconds to 25 seconds and adjusting the block reward to 0.52083333 ZEC to maintain the established daily issuance rate. The total supply cap of ZEC remains at 21 million, with the next halving expected to occur at the end of 2028 at block height 6,132,390.

During the report, ZEC's price rose from $1,225 to over $1,380 before settling at approximately $1,345, marking an 8% increase over 24 hours. (Bitcoin.com News)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.