Zcash Development Team Eyes Further Block Time Reduction Following NU7 Implementation
The suggested adjustment seeks to decrease transaction confirmation durations and enhance user experience across point-of-sale transactions, exchange deposit processes and cross-chain swap operations.
The development team behind Zcash has put forward a proposal to decrease the blockchain's target block interval to 20 seconds from the current 25 seconds, aiming for quicker transaction confirmations just days following the NU7 upgrade activation.
This past Sunday, ValarDragon and Evan Forbes, both developers working on Zcash, presented a draft Zcash Improvement Proposal (ZIP) through the Zcash community forum, indicating their intention to have this modification incorporated into the forthcoming community poll and evaluated for inclusion in the NU7.1 network upgrade that's on the horizon.
The proposed reduction would decrease the anticipated waiting period for initial transaction confirmations. The proposal document states that this modification would enhance user experience across multiple use cases including point-of-sale payments, exchange deposits and cross-chain swaps.
According to the developers, the proposed modification would not result in an increase to the network's total daily capacity for processing private transactions. The proposal would additionally maintain Zcash's current issuance schedule, even though blocks would be generated at a more frequent rate.
This proposal arrives merely days following the activation of Zcash's NU7 upgrade. The NU7 upgrade was deployed to the mainnet on Friday, reducing the network's target block interval to 25 seconds from its previous 75 seconds.
The NU7 upgrade additionally brought forth a Network Sustainability Mechanism that was engineered to redirect a percentage of transaction fees toward future mining rewards, all while maintaining Zcash's maximum supply cap of 21 million ZEC.