Zcash Ironwood Upgrade Goes Live Tomorrow: What Changes for ZEC Holders
Zcash locks its biggest private pool on Tuesday when the Ironwood upgrade goes live at block 3,428,143. Your coins stay safe, but you will only be able to move money out of that pool, not inside it.
The pool holds 3.76 million ZEC, worth about $1.89 billion, or roughly 22% of all ZEC in circulation. Developers say most holders do not need to do anything today.
What Changes for ZEC Holders on Tuesday
Do not rush. Your balance stays safe inside the locked pool. Your old address keeps working, because the new pool reuses it.
Wallets are still building the tool that moves your funds. Until yours is ready, that balance may look stuck.
Node operators have a real deadline. They must install the Zcash Foundation's Zebra 6.0.0 release before Tuesday. It sets the switch-over point.
Some exchanges may pause deposits or withdrawals. Developers say that means the exchange is behind, not that Zcash is broken.
The new pool also adds a quantum safeguard from ZIP 2005. If quantum computers ever break today's crypto math, funds in the new pool could be rescued. Coins left in the old pools could not. This is not full quantum protection yet.
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