Zcash News: ZEC Surges 12% as Developer Floats Cheaper 'Dynamic Fee' Plan

A key Zcash developer from Shielded Labs published a detailed blueprint for a dynamic fee market, aiming to replace the network's historically static fee structure which has led to issues like transaction congestion during periods of high demand and rising ZEC prices. The proposal moves away from the old model, which was fixed at 1,000 'zatoshi' per action after a previous fix, to a system based on 'comparables'—the median fee per action observed over the last 50 blocks, padded with synthetic transactions to simulate congestion. This median fee would be bucketed into powers of ten to maintain privacy. Under stress, a temporary priority lane would open at 10 times the standard fee. The rollout is planned in phases, starting off-chain, then wallet policy, and finally a consensus change, designed to avoid the complexity and fork risk associated with EIP-1559-style mechanisms while preserving Zcash's privacy constraints. The announcement coincided with ZEC trading up over 12%, reaching around $395.

(Source：CoinDesk)