
The upgrade reduces block times, introduces a Network Sustainability Mechanism, and locks roughly $15 million in legacy shielded funds.
Zcash's NU7 network upgrade activated on Friday, making approximately $15 million in ZEC held within the legacy Sprout shielded pool unspendable while reducing block times to 25 seconds.
AI-generated summary
Zcash's NU7 upgrade took effect at block 3,543,405, implementing ZIP 2003 and a Network Sustainability Mechanism.
Zcash’s NU7 network upgrade activated Friday, making about $15 million in ZEC held in the network’s legacy Sprout shielded pool unspendable.
The upgrade took effect at block 3,543,405 at 02:34 UTC, according to blockchain tracker ZecStats, which lists the Sprout pool balance at about 12,224 ZEC.
The upgrade cuts Zcash’s target time between blocks from 75 seconds to 25, although actual block intervals will adjust toward the new target as mining difficulty changes.
Under Zcash Improvement Proposal (ZIP) 2003, NU7 rejects version 4 transactions, the only format that supports spending Sprout funds. The remaining coins cannot be transferred under the new rules, but have not been burned.
The specification leaves open the possibility that a future network upgrade could restore access, either by re-enabling version 4 transactions or introducing another mechanism to retrieve the funds. However, it warns that “the ability to spend Sprout funds may never be re-enabled.”
NU7 also introduces a Network Sustainability Mechanism that removes 60% of transaction fees from circulation for eventual reissuance through future mining rewards, starting around February 2031.
The upgrade preserves Zcash’s 21 million ZEC supply cap and halving schedule, while introducing limits on shielded activity designed to reduce wallet synchronization demands.
AI outlook — possibilities, not facts
Future network upgrades could potentially restore access to Sprout funds
Speculative · Within months

An XRP Ledger order book sample revealed a massive gap between 1.28 million quoted Bitstamp USD tokens and only 57,000 funded tokens, highlighting how advertised sizes can overstate available liquidity.

US spot Bitcoin and Ether ETFs saw about $530 million in net outflows on Thursday as crypto markets dropped and Bitcoin fell below $76,000 following a sharp decline in the Nasdaq Composite.

US services growth slowed in October as the ISM headline PMI fell to 54.5 from 54.9, while the 12-month average prices index reached its highest level since April 2023 at 69.2. Persistent cost pressure complicates the case for Federal Reserve rate relief that could support Bitcoin, with the next key data point being the October employment report due Nov. 6.

Following a $6.36 billion theft from Binance's hot wallet infrastructure, crypto exchanges including Gate, Coinbase, Upbit, OKX and South Korean rivals have disclosed their cold storage ratios, with Gate reporting 88.26% in cold storage, Coinbase over 99%, Upbit 99.17%, and OKX more than 95%, while experts warn cold storage alone does not guarantee security.

Core Lightning urges users to upgrade to v26.06.10 to fix channel-security, payment-resolution, and remote-access flaws, including HTLC confusion, dust-limit balance trimming, and commando rune bypass vulnerabilities.

Crypto exchange Gate introduced Proof of Security, claiming 104.58% cold-storage coverage of customer balances based on a Nov. 4 snapshot. The framework compares percentages from different measurement dates, leaving a gap in demonstrating common-date backing. Independent third-party verification is pending as of Nov. 5.