Zcash Community Votes for 25-Second Blocks and to Retain Halving Schedule
(16 days ago) · 1 source · Summarized by CryptoBipto
Zcash holders have voted in favor of reducing block times to 25 seconds and maintaining the existing ZEC halving schedule. The vote is part of the community governance process ahead of the planned NU7 network upgrade.
WHY IT MATTERS
Think of a blockchain's block time as how often a new page is added to a shared ledger. Shorter block times mean transactions get recorded faster, similar to a cashier processing payments more quickly. Zcash holders voted to shrink this interval to 25 seconds. They also voted to keep the 'halving schedule,' which is a rule that cuts the number of new coins created over time in half at set intervals — like a factory gradually reducing its output. This matters because it affects how quickly new ZEC enters circulation. For newcomers, this vote illustrates how some cryptocurrency communities use direct voting to make decisions about how their network operates, rather than relying on a single company or authority.
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- cointelegraph.com
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