Zcash holders back 25-second blocks, vote to keep ZEC halving schedule
Nearly 99% of ZEC holders voted to reduce block times to 25 seconds, while keeping ZEC issuance and halving schedules unchanged.
Zcash token holders backed cutting the network’s target block time to 25 seconds from 75 seconds and preserving its existing halving schedule in a poll on the next major upgrade.
The faster-block proposal received 99.9% of the Zcash (ZEC)-weighted vote, while 98.9% supported keeping halvings, according to results published Monday. Voting power reflected eligible ZEC holdings, with both percentages including abstentions.
The shorter interval would reduce the expected wait for a transaction’s first confirmation, according to the proposal. The amount of new ZEC issued per block would fall to keep scheduled daily issuance unchanged.