08:39
Zcash News Today: Development Team Proposes Dynamic Fee Model, ZEC Surges 13% Against the Trend
Zcash (ZEC) has defied the overall market downturn, surging nearly 14% in the past 24 hours. The core driver behind this rise is a new dynamic fee model proposal from the development team, aimed at improving network efficiency, alleviating congestion, and protecting user privacy and cost experience.
The proposal, put forward by Shielded Labs, suggests abandoning the long-standing fixed fee mechanism in favor of a dynamic structure based on the median transaction. The current fixed fee is 1,000 zatoshi, but during periods of high demand, this has led to abnormal fees, network congestion, and overloaded shielded wallets. The new model would calculate fees based on typical transaction activity over the past 50 blocks and use “synthetic comparable objects” to simulate a stable load, making fees more predictable and more effective at resisting spam attacks.
ZEC2.67%