Zcash Closes On $1,400 After Coinholders Vote to Keep Bitcoin-Style Halvings
Zcash jumped to around $1,368, up 10.9% on the day and 168% over 30 days, making it the ninth-largest crypto asset by market cap. The rally followed agreement on key parts of the NU7 network upgrade. Holders voted on five questions with 66% turnout, using encrypted shielded balances for one-coin-one-vote privacy. Results favored keeping Bitcoin-style halvings, faster 25-second blocks, deprecating the Sprout pool, and limiting NU7 to what is ready by September 30. On fee recycling for the network sustainability mechanism, holders chose February 2031 over “as soon as possible.” Several groups said they would treat that as the conservative interpretation. The rise reflects growing demand for privacy-focused crypto, helped by Grayscale’s recent ETF launch, which gave institutions access to Zcash. Commentators said the narrative has shifted from anonymity to financial privacy and confidentiality, especially as AI makes on-chain tracing easier. Recent protocol upgrades also strengthened Zcash after a critical bug was found and fixed.
