Zcash Proposes NU7 Activation Block for November 5 Target

Zcash developer Sean Bowe proposed block 3,543,405 as the activation point for the network’s NU7 upgrade, setting a target of around November 5 for its mainnet launch. The proposal had received two approvals by October 21 but remained open, and the activation height had not yet been added to the deployment specification or node software. The proposed height followed agreement among Zcash Improvement Proposal editors, according to the proposal Bowe submitted on October 20. It would establish the block at which the network begins applying NU7’s new rules. The November 5 date remains a target, not a confirmed activation: developers still need to integrate the height into the specification and compatible software. NU7 is designed to shorten Zcash’s target block interval from 75 seconds to 25 seconds. More frequent blocks could reduce the time users wait for transaction confirmations, although actual confirmation times vary. The upgrade has already activated on the public testnet, reaching block 4,465,026 on October 4. The upgrade would also introduce a mechanism that withholds 60% of transaction fees from circulation for later reissuance. The accumulated funds are planned to begin...