Zcash Just Got 3x Faster Without Giving Up Privacy
NU7 update for
@Zcash is now available.
The block time has been reduced from 75 seconds to 25 seconds, making transactions almost three times faster. Privacy capabilities remain intact.
The waiting period for three confirmations is reduced from four minutes to 75 seconds. $ZEC issuance stays the same but will be rebalanced.
New restrictions are implemented on shielded interactions to limit potential spam attacks, and 60 percent of all fees will be locked in a miner reserve starting in 2031.
This update will affect exchanges, wallets, and merchant services that depend on confirmations.