Zcash community votes overwhelmingly for faster blocks and halving retention

·1 views

A Zcash governance vote saw nearly 2.4 million ZEC tokens cast in a community poll on two key network proposals. An overwhelming 99.9% of participating tokens supported reducing block times to 25 seconds, which would significantly speed up transaction processing. Separately, 98.9% voted to maintain the network's existing halving schedule, mirroring Bitcoin's supply-reduction model. The near-unanimous results signal strong community consensus on the future technical and monetary direction of the Zcash network.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Fed Chair Faces Credibility Test as Markets Force Hawkish Corner

The Federal Reserve's upcoming meeting is shaping up to be a significant challenge for its chair amid intense market pressure. Aggressive market expectations have created a trap that limits the central bank's room to maneuver on policy messaging. A strict stance against forward guidance has further constrained the Fed's ability to communicate flexibly with markets. Failing to deliver a sufficiently hawkish message risks undermining the Fed's credibility as an inflation-fighting institution. Against this backdrop, Bitcoin is being watched as a potential beneficiary of any perceived weakness in the central bank's position.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto Bulls Lose $570M in Liquidations After Clarity Act Fails

Over $570 million in bullish cryptocurrency futures positions were wiped out within a 24-hour period. The liquidations followed the failure of the Clarity Act, which had been anticipated as a positive regulatory development for the crypto market. Bitcoin and Ether long positions suffered the heaviest losses among all digital assets. The event reflects how closely crypto market sentiment is tied to regulatory outcomes in the United States.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

XRP drops 10% after Senate blocks crypto market structure bill

The U.S. Senate rejected a procedural vote on the Clarity Act, falling short by 11 votes in a 49-50 decision. The failed vote dealt a blow to efforts to establish a regulatory framework for the cryptocurrency market. Following the news, XRP led losses among major tokens with a 10% decline. Bitcoin also retreated, sliding toward the $76,000 mark. The broader crypto market saw widespread selling pressure as a result of the legislative setback.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto Industry's Clarity Act Fails Amid Last-Minute Behind-the-Scenes Disputes

The Clarity Act, a market structure bill that the cryptocurrency industry had placed its highest hopes on, suffered a significant legislative setback. Behind-the-scenes disagreements emerged at the last minute, derailing the bill's progress. Multiple parties were involved in the disputes that ultimately led to the legislation's poor showing. The failure marks a notable blow to the crypto sector's ambitions for regulatory clarity in the United States.

0 comments Read more at CoinDesk