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Protocol AnalysisNov 7, 20263 min readAltcoin News
Zcash activates NU7 upgrade, burning 60% of transaction fees
Zcash has successfully activated its NU7 network upgrade, which significantly alters fee handling. The protocol now burns 60% of all transaction fees, effectively removing them from the circulating supply.
The NU7 upgrade represents a major shift in Zcash's tokenomics by implementing a permanent burn mechanism for the majority of transaction fees. By reducing the circulating supply, the network aims to create deflationary pressure on the ZEC token. This change was part of a scheduled protocol improvement designed to enhance the long-term sustainability of the blockchain.
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