Zcash NU7 Upgrade Nears Activation With Faster Block Target

Zcash’s NU7 network upgrade was approaching its activation point on November 5, with the change designed to cut the target interval between blocks from 75 seconds to 25 seconds. The supplied reports do not confirm that the upgrade has activated, despite one headline describing it as live. NU7 is set to take effect when the network reaches block 3,543,405. The Zcash Foundation estimated that point would arrive around November 5, while another report said implementation was scheduled for November 6. No fixed activation time was given. The difference reflects estimates and a reported schedule, not confirmation of a completed network change. The shorter target interval is intended to produce confirmations more frequently, but it does not guarantee that users will receive deposits sooner on exchanges. Exchanges set their own confirmation requirements, and those policies vary. The Foundation said the average wait for a first confirmation would become about one-third as long. The interval between blocks is not the same as the time an exchange takes to credit a transaction. NU7 also changes how transaction fees are allocated. Under the planned system, 60% of fees will go to a reserve...