TechFlow News — On the morning of November 10, Electric Coin Company (ECC), the development team behind Zcash, officially announced that Zcash will initiate the Canopy network upgrade on November 18 to establish a new development fund and further decentralize development governance. At the same time, Zcash will experience its first-ever halving. This means that starting from block 1,046,400, the Zcash block reward will be halved from 6.25 ZEC to 3.125 ZEC.
Earlier in early September, the team announced that the Canopy mainnet upgrade would occur at block height 1,046,400, scheduled for mid-November. The Canopy upgrade includes five major components, including fund allocation mechanisms and consensus rules for the Zcash Development Fund.
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