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Zcash NU7 The upgrade has gone live on the testnet and is scheduled to November 5 go live on mainnet.

BlockBeats reported that October 5, Zcash activated the NU7 network upgrade on the testnet, commencing live testing for the mainnet upgrade planned for November. The Zcash testnet block explorer shows that the scheduled activation height 4,465,026 mined a block on October 4 at 18: 21: 45(UTC), after which Zcash confirmed that NU7 had officially gone live on the testnet.NU7 will reduce Zcash's target block interval from 75 seconds to 25 seconds, while disabling version 4 transactions and introducing a “Network Sustainability Mechanism” that redirects a portion of transaction fees toward future block rewards. After version 4 transactions are disabled, funds still held in the legacy Sprout privacy pool ZEC will become unusable unless users transfer the relevant funds before NU7 is fully activated.

Based on testnet performance, Zcash developers will decide on October 20 whether to proceed with the mainnet upgrade and determine the activation height. The target date for mainnet activation is November 5.

Original link:https://m.theblockbeats.info/flash/370279