Zcash holders favor halvings and defer recycled ZEC until February 2031

  • Zcash coinholders backed retaining scheduled halvings and delaying recycled ZEC until February 2031.
  • 2,375,932.375 ZEC supported preserving halvings versus 22,384.875 ZEC favoring smoother issuance.
  • NU7's activation height remained unset as of Sept. 17.

Zcash coinholders overwhelmingly supported retaining scheduled halvings and waiting until February 2031 to begin returning ZEC collected through the Network Sustainability Mechanism to future block rewards. The preferences emerged from a five-question poll on NU7, Zcash's next network upgrade, with between 2.399 million and 2.404 million ZEC participating in each question. All five questions exceeded 1 million ZEC, the threshold required for the overall poll to be considered representative. The strongest monetary-policy result favored preserving halvings over replacing them with a smoother issuance curve, with 2,375,932.375 ZEC supporting halvings versus 22,384.875 ZEC backing smoother issuance. On timing, 2,319,643.75 ZEC favored February 2031 for beginning to recycle funds removed from circulation, compared with 70,239.625 ZEC for starting as soon as possible and 6,283 ZEC for February 2027. Other results backed disabling Sprout-era v4 transactions at NU7 activation, reducing target block spacing from 75 seconds to 25 seconds alongside per-pool action limits, and excluding any applicable feature that misses a Sept. 30 implementation deadline. The poll provides a strong signal from participating economic stake but does not itself activate changes, schedule NU7 or guarantee that every favored feature will ship. A Zcash Community Advisory Panel poll produced less uniform views, narrowly favoring smoother issuance and, along with other panels, favoring earlier recycling of collected ZEC. On Sept. 15, Shielded Labs, Project Tachyon, ZODL, the Zcash Foundation and Valar Group were described as aligned on February 2031 as the most conservative interpretation, while allowing for another poll if conditions change. As of Sept. 17, NU7's activation height had not been set and specification work for preserving halvings remained open. Implementation, review, testing and a final activation decision will determine which preferences reach mainnet and when.

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