CoinDesk·4 min read·hard
Zcash seals $1.7 billion shielded pool as Ironwood upgrade activates
S
Shaurya Malwa
✦AI Summary
Zcash has activated the Ironwood upgrade, which migrates users to a new shielded pool to address a long-standing security vulnerability in the previous Orchard pool. The upgrade utilizes a 'turnstile' mechanism to prevent the circulation of potentially counterfeit coins created during the period the bug was active.
Ironwood, formally known as NU6.3, retired the previous pool known as Orchard, which holds about 3.66 million ZEC, worth roughly $1.7 billion at current prices.
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