Starting August 25, 2026, Zcash coin holders with shielded, spendable balances in the Ironwood pool will vote on whether to abolish the traditional halving schedule and replace it with a smooth, gradually declining issuance curve. This vote, running until September 14, 2026, is an opinion poll that could influence future protocol upgrades but does not immediately change the network. The proposal aims to address security budget concerns by allowing a steadier coin issuance, unlike the current halving every four years. Eligible voters must hold coins at a specific blockchain height, and participation requires self-custody in the shielded pool, as exchange-held coins may not qualify. The vote also includes questions on transaction fee reissuance timing, shutting down old transaction pools, block time reduction, and upgrade timing. The outcome signals potential shifts in Zcash's monetary policy and network security approach but is not binding on-chain governance.
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