US$ 16 million $ZEC COULD BECOME INACCESSIBLE!
Zcash is shutting down its oldest privacy pool, Sprout, through the NU7 upgrade. Around 12,226 ZEC remain, and they could become inaccessible as soon as legacy transactions are disabled.
➡️Short term: Negative for user confidence and sentiment toward ZEC.
➡️Long term: Potentially positive for network security and modernization.
My opinion: Good for the technology, but concerning for decentralization. Can a blockchain make users' funds inaccessible in the name of security?
$AKE $UAI 👀👀👀👀
#NewsAboutCrypto #bullish #analysis #ZcashNU7ProposalWouldFreezeSproutSpending #EarningsSeason
Zcash is shutting down its oldest privacy pool, Sprout, through the NU7 upgrade. Around 12,226 ZEC remain, and they could become inaccessible as soon as legacy transactions are disabled.
➡️Short term: Negative for user confidence and sentiment toward ZEC.
➡️Long term: Potentially positive for network security and modernization.
My opinion: Good for the technology, but concerning for decentralization. Can a blockchain make users' funds inaccessible in the name of security?
$AKE $UAI 👀👀👀👀
#NewsAboutCrypto #bullish #analysis #ZcashNU7ProposalWouldFreezeSproutSpending #EarningsSeason
