The latest system was introduced this summer to replace the previous token-holder voting process and give shielded balances much stronger privacy guarantees.
Holders also voted 96.6% to wait until February 2031 before beginning to reissue ZEC collected through the Network Sustainability Mechanism, or NSM.
How this helps Zcash
The planned system removes funds from circulation, including at least 60% of transaction fees, and eventually recycles the ZEC through future block rewards. The mechanism does not change Zcash’s maximum supply.
The result keeps the existing halving schedule intact while allowing several years of those recycled fees to accumulate before they begin returning to miners.
Meanwhile, holders also showed little appetite for delaying the broader upgrade. About 99.3% voted to ship NU7 as soon as possible while dropping any feature that is not implemented by a Sept. 30 readiness deadline, rather than waiting for every…
