Zcash Activates Ironwood Upgrade and Triggers Migration

Zcash rolled out its Ironwood network upgrade on Tuesday. The update went live at block height 3,428,143. It replaces the old Orchard shielded pool with a hardened system. This change aims to restore independent verification of the total circulating supply.

The NU6.3 upgrade introduces a new transaction format and a mandatory accounting checkpoint. Users now face a massive migration process as funds move to the new Ironwood pool. This affects roughly 1.8 billion dollars in assets.

Traders and holders should monitor network stability and migration progress closely over the coming days. Successful adoption of the Ironwood pool will determine the long term security and privacy health of the asset.