Zcash NU7 upgrade goes live, leaves 12,224 ZEC stranded in Sprout pool
Bullish strength: 25/100
- Target block time decreases from 75 to 25 seconds.
- The upgrade introduces a Network Sustainability Mechanism for future mining rewards.
- A future network upgrade could potentially restore access to the stranded Sprout funds.
- Zcash preserves its 21 million ZEC supply cap and existing halving schedule.
Bearish strength: 75/100
- Approximately 12,224 ZEC worth $15 million are now unspendable under the new rules.
- The upgrade rejects version 4 transactions, the only existing format supporting Sprout fund spending.
- The specification warns that Sprout spending may never be re-enabled.
- The Network Sustainability Mechanism removes 60% of transaction fees from circulation for eventual future reissuance.
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