ZEC Hits 8-Year High, Surges to $888, NU7 Network Upgrade Snapshot Approaching

BlockBeats News, August 25th, according to HTX market data, ZEC hit a new 8-year high today, reaching a peak of $888, the highest price since 2018. With a weekly gain of over 70%, it is currently trading around $844.

The Zcash community will conduct an approximately 18-day token holder vote starting from the 24th (early morning on the 25th in Beijing time) to determine the scope of the upcoming NU7 upgrade. The minimum threshold for participation is 1 million ZEC. Voting rights are based on ZEC held in shielded, spendable, Ironwood-staked addresses at the snapshot (expected to be on the 24th at 19:00 UTC, at around mainnet block height 3,459,350). Voting begins on August 25th and ends on September 14th at 19:00 UTC. Voting is conducted privately through supported wallets such as Zodl, Vizor, Zkool, and the Keystone hardware wallet, with only aggregated data disclosed, not individual vote details, aiming to gather holder sentiment on the upgrade scope for community and developer reference.