CoinDesk·3 min read·medium
About $80 million ZEC crosses into Zcash's new 'Ironwood' pool in the first day
S
Shaurya Malwa
✦AI Summary
Zcash has launched its new 'Ironwood' privacy pool, prompting a migration of approximately $80 million in ZEC from the older Orchard pool within the first 24 hours. Because the network requires manual migration between privacy generations, the Orchard pool is now closed to new deposits and will gradually phase out as users move their funds.
That is roughly 5% of the 3.66 million ZEC held in Orchard at activation. Orchard's balance has since fallen to about 3.51 million, with around 46,000 ZEC crossing over in the past 24 hours, according to the Ironwood migration tracker .
cryptotechnologybusiness
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in