Nearly two-thirds of the circulating ZEC supply participated in a key governance vote this week, as Zcash holders overwhelmingly approved a proposal to cut block times to 25 seconds and backed maintaining the network’s existing halving schedule. Almost 2.4 million ZEC were used to vote on the scope of NU7, the next major upgrade for Zcash, out of about 3.6 million ZEC eligible at the voting snapshot. Under Zcash’s governance model, votes are weighted by the amount of ZEC held, with each coin equal to one vote. Organizers had established a turnout threshold of 1 million ZEC to ensure sufficient representation from coinholders.