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Zcash double favourable information is coming: First halving combined with network upgrade ZEC short-term breaks through 60 dollars
Zcash is about to experience its first production Halving, with the Block Reward decreasing from 6.25 ZEC to 3.125 ZEC at Block Height 1,046,400.
At the same time, the Zcash development team announced that the Canopy network upgrade will be activated on November 18. This upgrade will establish a new development fund aimed at promoting the project's direction towards greater decentralization.
These messages seem to have a positive impact on the market. The price of ZEC tokens rose by nearly 6% in a short period, breaking through the $60 mark.
The upcoming Halving and network upgrade are undoubtedly significant milestones for the Zcash ecosystem. It could not only impact the supply dynamics of ZEC but also enhance community engagement through new governance mechanisms. As these changes are gradually implemented, the industry will closely monitor Zcash's development trajectory in the privacy coin sector.