Zcash Rises After Upgrade Freezes $16M in ZEC, Establishes Security Reserve
AI summary
Zcash activated Network Upgrade 7, cutting block times from 75 seconds to 25 seconds while preserving the supply cap. The upgrade also froze roughly $16 million worth of ZEC held in an outdated shielded pool, making those funds permanently inaccessible. Traders are watching whether faster blocks revive interest in ZEC, though the frozen supply removes coins from circulation and the upgrade's reception will drive near-term price action.
Narrative history
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8H AGOYou’re reading thisZcash Rises After Upgrade Freezes $16M in ZEC, Establishes Security ReserveBitcoin.com News · Score 45
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6 NOV · 03:17Unchained · Score 45 · via cuts block, block time
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5 NOV · 19:00The Block · Score 45 · via Denim, Denim upgrade
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5 NOV · 09:04crypto.news · Score 45 · via block times, Zcash
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5 NOV · 05:47CoinDesk · Score 45 · via freeze $16M, $16M ZEC
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3 NOV · 10:20CryptoNews · Score 45 · via Zcash Upgrade, Zcash
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26 OCT · 10:10U.Today · Score 35 · via block times, times seconds
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21 OCT · 08:10CoinDesk · Score 25 · via upgrade triples, triples
