Zcash activates NU7 on testnet ahead of November mainnet target
Zcash has activated its NU7 network upgrade on testnet, moving the planned protocol changes into live testing about a month before its targeted mainnet rollout.
According to Zcash testnet block explorer ZecBlock, block 4,465,026 — NU7’s scheduled activation point — was mined on Oct. 4 at 18:21:45 UTC.
NU7 is Zcash’s next network upgrade and is set to reduce the network’s target block spacing from 75 seconds to 25 seconds. The upgrade also disables version 4 transactions and integrates a Network Sustainability Mechanism that recycles part of transaction fees into future block rewards.
Disabling version 4 transactions would also leave ZEC held in Zcash’s legacy Sprout shielded pool unspendable unless users move the funds before NU7 fully activates.
The Zcash Foundation said on Friday that testnet operators should use the release candidate to test NU7 “under real conditions.” The testnet phase allows developers to assess the upgrade before deciding whether to proceed with mainnet activation.
Zcash developers are scheduled to make a final decision on mainnet activation and set its activation height on Oct. 20, based on their experience with NU7 on testnet. Mainnet activation is targeted for Nov. 5.
Related: Zcash gets a Washington lobbyist to push crypto policy
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tanzania renews the mining license for Barrick North Mara Gold Mine for 15 years
Tanzania has renewed the mining license for Barrick North Mara Gold Mine for another 15 years.
AlphaValue lowers BNP Paribas target price to 101 euros
The investment institution AlphaValue has lowered the target price of BNP Paribas from the previous 119 euros to 101 euros. This target price adjustment represents the latest valuation by the institution, based on a comprehensive assessment of BNP Paribas' recent market performance, industry environment, and future profitability expectations. Any further changes in this valuation will closely depend on the overall trends in the European financial markets and BNP Paribas' own business developments.
Spot gold retreats after surpassing $4,130 per ounce
Spot gold has just surpassed the $4,130.00/oz mark, last quoted at $4,129.92/oz, down 0.23% on the day; COMEX gold futures main contract last quoted at $4,157.60/oz, down 0.11% on the day.
Brent crude oil drops 1% intraday, trading at $101.21 per barrel.
Brent crude oil fell by 1% during intraday trading, currently quoted at $101.21 per barrel. Recently, international crude oil prices have experienced significant fluctuations due to multiple factors, including geopolitical tensions, global oil supply and demand expectations, and monetary policies of major economies. The future price trend remains highly uncertain.
Crypto prices
More
