Update
ZEC Jumps 11% on Network Upgrade Activation
ZEC experienced a significant 11% increase to $1,260 on Wednesday, driven by the activation of the next network upgrade, NU7. This upgrade, which went live on Zcash's test network in early October, reduces the time between blocks from 75 seconds to 25 seconds, resulting in faster payment confirmation and a 60% increase in transaction fees being sent to a reserve for future payouts.