#ZcashNU7ProposalWouldFreezeSproutSpending
đĄïž Zcash Upgrade Could Freeze 22,309 ZEC in Its Oldest Pool
đ NU7 would reject all version-4 transactions, the only format that can spend from Sprout
đ About 22,309 ZEC still sat in Sprout on Oct 17, roughly $26M at today's price
đ Holders keep their keys, but couldn't move those coins on the upgraded network
đ„ The coins aren't burned. Access could be restored later, but may never be
⥠NU7 also cuts block time from 75s to 25s and removes 60% of fees from circulation
đ Mainnet go/no-go is Oct 20, with Nov 5 the conditional target
What it means for crypto: a rare case of a chain choosing to strand legacy funds to cut attack surface. It's a reminder to check old wallets before upgrades. $ZEC is near $1,163, up ~3% in 24h.
Should chains ever freeze old, unused pools? đ
$ZEC $BTC
#CryptoNews #Zcash #Privacy #ZcashNU7ProposalWouldFreezeSproutSpending
đĄïž Zcash Upgrade Could Freeze 22,309 ZEC in Its Oldest Pool
đ NU7 would reject all version-4 transactions, the only format that can spend from Sprout
đ About 22,309 ZEC still sat in Sprout on Oct 17, roughly $26M at today's price
đ Holders keep their keys, but couldn't move those coins on the upgraded network
đ„ The coins aren't burned. Access could be restored later, but may never be
⥠NU7 also cuts block time from 75s to 25s and removes 60% of fees from circulation
đ Mainnet go/no-go is Oct 20, with Nov 5 the conditional target
What it means for crypto: a rare case of a chain choosing to strand legacy funds to cut attack surface. It's a reminder to check old wallets before upgrades. $ZEC is near $1,163, up ~3% in 24h.
Should chains ever freeze old, unused pools? đ
$ZEC $BTC
#CryptoNews #Zcash #Privacy #ZcashNU7ProposalWouldFreezeSproutSpending