Zcash's oldest privacy pool nears freeze with about 12,200 ZEC remaining in Sprout

Zcash's NU7 upgrade, scheduled at block 3,543,405 and expected around 9:30 p.m. ET Thursday, will retire the Sprout pool's older transaction format, making any coins left in it unspendable even with valid private keys. About 12,226 ZEC remained in Sprout Thursday morning, down from roughly 22,263 a week earlier, with most of the outflow—about 9,094 ZEC—occurring Sunday and only 40 ZEC leaving Wednesday. The upgrade aims to reduce software complexity and security risks, and also cuts the target block time from 75 seconds to 25 seconds. Access to stranded coins may never be restored, though a future upgrade could allow it.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Zcash
• ZEC