A key Zcash developer has printed the primary detailed blueprint for a dynamic payment market, opening a neighborhood dialogue about how the decade-old community ought to value transactions as ZEC’s value, person exercise and institutional curiosity climb.
The Monday proposal, launched by Shielded Labs, lays out a shift away from Zcash’s traditionally static payment mannequin — initially 10,000 ‘zatoshi,’ later reduce to 1,000 — which labored throughout low demand however ultimately contributed to “sandblasting” spam episodes that clogged wallets and congested the chain.
An earlier ZIP-317 proposal’s transfer to action-based accounting mounted the abuse vector, however retained predictable, low charges that don’t regulate to utilization.
Motion-based accounting handled each Zcash transaction part — similar to spends, outputs, JoinSplits, Orchard actions — as a single uniform “action,” letting charges scale with exercise reasonably than byte measurement.
Builders say that with ZEC’s latest resurgence, new retail onboarding and the emergence of Zcash digital-asset treasuries, the established order is turning into much less tenable.
It stated some customers have began to report rising transaction prices in ZEC phrases, and edge-case eventualities — like giant units of tiny person transactions costing double-digit ZEC to protect — present how payment rigidity breaks down when token costs climb.
The proposed mechanism introduces a easy, stateless dynamic payment design constructed round “comparables,” or the median payment per motion noticed over the prior 50 blocks, padded with artificial transactions to simulate always-on congestion.
The median turns into the usual payment, bucketed into powers of ten to cut back linkability and keep away from leaking person data. Underneath stress, a brief precedence lane opens at 10× the usual payment, giving customers a technique to compete for block house with out redesigning the protocol.
The system is designed to roll out in phases. First is off-chain for monitoring, then as pockets coverage, and solely later — if accredited — as a easy consensus change with expiry-height limits and power-of-ten payment guidelines.
That avoids the complexity and fork threat of EIP-1559-style mechanisms whereas holding Zcash’s privateness constraints intact.
Different concepts floated embrace utilizing mining problem as a long-term heuristic for USD-denominated charges to tune costs primarily based on mempool strain.
ZEC traded round $395 on Tuesday, up greater than 12% in 24 hours as merchants digested the primary concrete roadmap for payment reform since ZIP-317.
