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Zcash Price Hits $1,270 After a 99.9% Governance Landslide

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Zcash holders delivered a nearly unanimous message on Network Upgrade 7 (NU7) to make the network faster, but leave its monetary clock alone. Nearly 2.4 million ZEC participated in the private poll, with 99.9% backing a cut in target block time from 75 seconds to 25, and 98.9% choosing to preserve Zcash’s Bitcoin-style halving schedule. […] Crypto Insight Analysis: Direction: Bullish ZEC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Governance consensus on network upgrades boosts investor confidence and technical fundamentals.

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Zcash Price Hits $1,270 After a 99.9% Governance Landslide — Crypto Insight