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Zcash NU7 Upgrade Activates, Redirecting 60% of Transaction Fees to Block Rewards

(3 hours ago) · 1 source · Summarized by CryptoBipto

Zcash has activated its NU7 network upgrade, which redirects 60% of transaction fees into a fund that supplements future block rewards. The change is designed to help sustain miner incentives as Zcash's block subsidy continues to decrease over time through its halving schedule.

WHY IT MATTERS

When you use a cryptocurrency network, you pay a small transaction fee.

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SOURCES

  • decrypt.co

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