#zcash Tech News.
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Zcash's NU7 network upgrade activated Friday at block 3,543,405, rendering about $15 million in legacy Sprout funds unspendable. The update cuts block time from 75 seconds to 25 seconds and leaves 12,224 ZEC stranded, though a future upgrade might restore access.
Zcash activated its major network upgrade NU7 on Nov. 5 at block height 3,543,405, reducing the target block interval from 75 seconds to 25 seconds. The update also implements a Network Sustainability Mechanism removing 60% of fees, causing ZEC to drop 5.17% to $1,254.7 amid a broader crypto market downturn where the GMCI 30 index fell 6.9%.
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