#ZcashNU7ProposalWouldFreezeSproutSpending
๐ก๏ธ Zcash Upgrade Could Freeze 22,309 ZEC in Its Oldest Pool
๐ NU7 would reject all version-4 transactions, the only format that can spend from Sprout
๐ About 22,309 ZEC still sat in Sprout on Oct 17, roughly $26M at today's price
๐ Holders keep their keys, but couldn't move those coins on the upgraded network
๐ฅ The coins aren't burned. Access could be restored later, but may never be
โก NU7 also cuts block time from 75s to 25s and removes 60% of fees from circulation
๐ 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? ๐
$ZEC $BTC
#CryptoNews #Zcash #Privacy #ZcashNU7ProposalWouldFreezeSproutSpending
๐ก๏ธ Zcash Upgrade Could Freeze 22,309 ZEC in Its Oldest Pool
๐ NU7 would reject all version-4 transactions, the only format that can spend from Sprout
๐ About 22,309 ZEC still sat in Sprout on Oct 17, roughly $26M at today's price
๐ Holders keep their keys, but couldn't move those coins on the upgraded network
๐ฅ The coins aren't burned. Access could be restored later, but may never be
โก NU7 also cuts block time from 75s to 25s and removes 60% of fees from circulation
๐ 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? ๐
$ZEC $BTC
#CryptoNews #Zcash #Privacy #ZcashNU7ProposalWouldFreezeSproutSpending