ZEC $1,246.7924H +1.04%CAP $21.21BRANK #10BLOCK 3,539,310GRANTS 144 ZEC PER DAYCOINHOLDER FUND 216 ZEC PER DAYISSUANCE 1,800 ZEC PER DAYPRICE AS OF 12:53 UTC 2026-11-02ZEC $1,246.7924H +1.04%CAP $21.21BRANK #10BLOCK 3,539,310GRANTS 144 ZEC PER DAYCOINHOLDER FUND 216 ZEC PER DAYISSUANCE 1,800 ZEC PER DAYPRICE AS OF 12:53 UTC 2026-11-02
zcashupdates
Governance

Who decides, and what is on the table.

Protocol changes move as proposals on zcash/zips. Since NU6.1, twelve percent of every block accrues to a fund the coinholders direct. Both are tracked here from their primary sources.

73.7k ZEC
into the coinholder fund since NU6.1
22
open protocol proposals
NU6.3 Ironwood
latest network upgrade
753d
to the third halving
01
NU7

NU7 lands on 6 November.

The next network upgrade, , makes blocks three times faster. What changes for holders, what does not, and the one question the drafts leave open.

75s → 25s
block time
1.5625 → 0.5208
ZEC reward per block
1,800
ZEC per day, unchanged
Nov 2028
third halving, unchanged
01Old transactions stop workingVersion 4 transactions become invalid at activation. Sprout, the oldest shielded pool, can only be spent with them, so ZEC still in Sprout becomes unspendable (25,409 ZEC there as of May 2026, per ZIP-218).Holders0260% of fees removed, reissued from 2031From activation, 60% of transaction fees go into a reserve instead of to the miner. The reserve is paid back out through block rewards from February 2031. The 21M cap does not change.Supply03Per-block limits on shielded actionsAt most 330 actions per block, which more than doubles Orchard throughput while cutting the worst-case wallet sync load by 37%.Network

Timeline: code complete 30 Sep, testnet 6 Oct, mainnet height proposed 20 Oct, mainnet target 5 Nov. NU7 activates at block 3,543,405. Sources: ZIP-218, ZIP-259 (NU7 deployment), ZIP-214, ZecHub digest, 20 Sep.

02
Coinholder fund

Where twelve percent now goes.

$91.9M at today's price has accrued since NU6.1, plus $98.2M from the lockbox era before it. These are accruals: what has been paid out is decided by coinholder votes, which run on the forum.

2026-10-307 postsQ4 2026 Coinholder-Directed Retroactive Grant Program - Call for Proposalscoinholder fund2026-10-1920 postsQ3 Coinholder-Directed Retroactive Grants Program RESULTScoinholder fund2026-10-0410 postsThe Hand of God: What Q3's Coinholder Retroactive Grants Vote Tells Uscoinholder fund2026-09-195 postsQ3 Coinholder-Directed Retroactive Grants Program Voting Now Open!coinholder fund2026-09-176 posts30 Day Review Period: Coinholder-Directed Retroactive Grants Program Q3coinholder fund2026-09-1515 postsCould CEX or ETF-held ZEC be used in coinholder voting?coinholder fund2026-08-262 postsSeer prediction markets forecasting Q3 2026 Coinholder Retroactive Grant approvalscoinholder fund2026-08-1427 postsCall For Proposals: Coinholder-Directed Retroactive Grants Program Q3coinholder fund2026-07-091 postsQ3 and Q4 Coinholder-Directed Retroactive Grants Program Dates - Plan Ahead!coinholder fund2026-06-246 postsCoinholder-Directed Retroactive Grants Program Q2 2026 - 30 Day Review Period Now Open (Postponed to Q3)coinholder fund
All governance threads →
03
Protocol proposals

22 proposals open right now.

Every change to Zcash starts as a pull request on the ZIPs repository. Newest activity first.

1431Add ZIP draft "Zcash Adoption Pool (ZAP)"by dairazcash/zipsOpen2026-11-021411ZIPs 317 and 2009: Undo the premature memo-bundle revision, and update and apply ZIP 2009by dairazcash/zipsOpen2026-10-311430Add draft ZIP: 10-second Block Target Spacingby upbqdnzcash/zipsDraft2026-10-311429Add draft ZIP: Compact Block Relayby upbqdnzcash/zipsDraft2026-10-311379Draft ZIP: Dandelion++ Transaction Propagation for Zcash P2P Nodesby y4ssizcash/zipsOpen2026-10-311428Draft ZIP: Future Dev and Legal Defense Fund Lockbox, and a 50,000 ZEC donation to the NSMby aquietinvestorzcash/zipsOpen2026-10-301427render: Fix Dockerfile after Debian 11 EOLby str4dzcash/zipsOpen2026-10-301426More NU6.3 fixesby str4dzcash/zipsOpen2026-10-301421Add draft ZIP: Miner Sentiment Pollingby upbqdnzcash/zipsDraft2026-10-301425Protocol spec §5.1, §5.4.1.11, §7.7.1: fix gaps in the Equihash definitionby craftsoldierzcash/zipsOpen2026-10-291423Add draft ZIP: Winding Down Zcash Community Grantsby thowar2zcash/zipsOpen2026-10-291422ZIP 1016 Grant Proposal: Long-Term Post-Upgrade Growth Strategy for 2027by chadwickmbaileyzcash/zipsOpen2026-10-281415Add draft ZIP: Disabling Sapling Pool Depositsby ValarDragonzcash/zipsOpen2026-10-281420ZIP 221: say which epoch's branch ID personalizes the root at an activation blockby dairazcash/zipsOpen2026-10-28

Recently merged

1358Protocol spec: apply remaining changes for NU6.3 and related cleanupsby dairazcash/zipsMerged2026-10-301405Set the NU7 mainnet activation height to 3543405by ebfullzcash/zipsMerged2026-10-211378[ZIP 258] Promote from Draft to Final.by nuttycomzcash/zipsMerged2026-10-201400[ZIP 318]: Scale duration parameters for the NU7 block spacing changeby nuttycomzcash/zipsMerged2026-10-201403More NU7 ZIP fixesby str4dzcash/zipsMerged2026-10-201394NU7 ZIPs: fixes from review, on top of #1395by upbqdnzcash/zipsMerged2026-10-161395NU7 ZIP reviewby str4dzcash/zipsMerged2026-10-141391Fix fat-fingered move of ZIP 2009 to its correct location.by nuttycomzcash/zipsMerged2026-10-081352Add ZIP 2009: Reduce Marginal Fee to 1000 Zatoshisby aphelionzzcash/zipsMerged2026-10-071383Specify NSM seeds and NU7 rounding effectsby ValarDragonzcash/zipsMerged2026-10-06
04
Network upgrades

Every upgrade, from the chain itself.

Heights are read from the reference node's chain parameters (Zebra; zcashd is retired). Dates are the timestamp of the actual activation block, not an estimate.

Third halvingblock 6,132,390, about Nov 2028; both ecosystem streams end hereScheduled
NU7, 25-second blockstargeted for 6 Nov 2026, block 3,543,405Scheduled
Set the NU7 mainnet activation height to 3543405zcash/zips #1405, no activation height set in the reference node yetIn progress[ZIP 318]: Scale duration parameters for the NU7 block spacing changezcash/zips #1400, no activation height set in the reference node yetIn progress
NU6.3 Ironwoodblock 3,428,143, activated 2026-07-28 14:07 UTCLive
NU6.2block 3,364,600, activated 2026-06-03 04:03 UTCLive
NU6.1block 3,146,400, activated 2025-11-24 19:56 UTCLive
NU6block 2,726,400, activated 2024-11-23 11:02 UTCLive
NU5block 1,687,104, activated 2022-05-31 17:50 UTCLive
Canopyblock 1,046,400, activated 2020-11-18 12:34 UTCLive
Heartwoodblock 903,000, activated 2020-07-16 10:56 UTCLive
Blossomblock 653,600, activated 2019-12-11 21:50 UTCLive
Saplingblock 419,200, activated 2018-10-29 02:15 UTCLive
Overwinterblock 347,500, activated 2018-06-26 01:37 UTCLive
Get this data as JSON (governance.json) →