After a sharp pullback from its all-time high, ZEC is consolidating in a range that looks strikingly similar to the one that launched its last explosive rally ... In mid-August, ZEC was trading near $478.
Block rewards will also be adjusted to keep new ZEC entering circulation at roughly the same pace ... The mechanism preserves the privacy coin’s fixed supply cap of 21 million ZEC ... Around 12,224 ZEC remain locked in the pool.
Zcash’s NU7 upgrade has rendered about $15 million in legacy Sprout funds unspendable, although a future network upgrade could potentially restore access ... .
Zcash has activated Network Upgrade 7, which reduces block times from 75 to 25 seconds and will help fuel a long-term security reserve. However, the move also froze about $16 million worth of ZEC that will remain inaccessible in... .
NU7 activated at block 3,543,405, making roughly 12,224 ZEC in the legacy Sprout shielded pool unspendable under the network’s new transaction rules ... ZEC supply cap ... $ZEC pic.twitter.com/rPaSFe9h7j.
Zcash has activated its NU7 network upgrade, reducing the target block interval from 75 seconds to 25 seconds as ZEC trades near $1,250 following a decline of almost 6% over the past 24 hours... Zcash (ZEC) price chart, source ... $ZEC.