Zcash has launched its Ironwood upgrade, retiring the previous Orchard shielded pool that held about 3.66 million ZEC (worth $1.7 billion). This move addresses a previously undisclosed bug in Orchard's proof circuit that could have allowed counterfeit coins to be created without detection. The upgrade introduces a new private pool starting at zero coins, with withdrawals capped to verified deposits to prevent counterfeit coin exit. Ironwood also adds quantum-resistant record-keeping and formally verified proof circuits to enhance security. The migration of funds from Orchard to Ironwood is voluntary and ongoing, determining how quickly Zcash's private supply shifts to the new, more secure pool.
Solana, Zcash, and Bitcoin are all testing critical support levels after recent failed recovery attempts. Solana dropped below its 100-day moving average, signaling ongoing selling pressure and resistance near $80. Zcash is nearing its 200-day moving...
Cryptocurrency markets showed a general downward trend with Bitcoin priced around $63,664, down 1.66%. Major altcoins such as Ethereum, Binance Coin, and Solana also declined, while smaller tokens like SHIB and NEAR experienced significant drops of o...
Zcash has launched its Ironwood network upgrade to address a critical security flaw found in its previous shielded pool, Orchard. The upgrade restricts the Orchard pool and introduces a new shielded pool with a system that independently verifies that...
Most major cryptocurrencies experienced price declines, including Bitcoin dropping 2.61% to $63,445 and Ethereum falling 4.31% to $1,874.60. Other notable coins like XRP, Solana, and Cardano also saw significant decreases. These movements reflect ong...
Zcash's Ironwood upgrade goes live at block 3,428,143, locking its largest private pool holding 3.76 million ZEC worth about $1.89 billion. Node operators must update to Zebra 6.0.0 before the switch. The upgrade prevents moving funds into the old po...
