Zcash’s November upgrade could freeze funds in legacy Sprout pool
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The Zcash Ironwood upgrade will be deployed to the testnet tomorrow.
According to Foresight News , Zcash core developer Sean Bowe tweeted that the Ironwood upgrade will be deployed to the testnet tomorrow. He also stated that the Ironwood upgrade will be activated on the mainnet around July 21st. All consensus rule changes have been implemented and have undergone a period of auditing. The specification/ZIP has been released and is nearing its final state. According to a previous Foresight News report, Zcash core developer Sean Bowe tweeted that Ironwood will introduce a new shielded pool using the Orchard protocol. Simultaneously, the Orchard circuit will add a flag controllable by consensus rules, which can disable payments to other users within the pool (while retaining change) as a privacy protection mechanism. After the upgrade, old Orchard pools will enable this restriction and prohibit fund transfers to old pools by constraining valueBalance. New user payments must be made through the new pool, while migrating funds from the old pool to the new pool is encouraged. Furthermore, users can gradually prove that no fraudulent minting has occurred by migrating funds.
Zcash targets November for NU7 mainnet upgrade with 25-second blocks
NU7 will cut Zcash block times to 25 seconds and preserve its halving schedule, with testnet activation planned for Oct. 6.
Zcash's new privacy pool, Ironwood, will employ formal verification to eradicate undetectable proliferation vulnerabilities.
Mars Finance reports that the Zcash development team has announced plans to introduce formal verification through the upcoming new privacy pool, Ironwood, to eliminate the risk of "undetectable issuance vulnerabilities" through mathematical proof. Previously, it was reported that while the vulnerability in the Orchard shielding pool had been patched and there was no evidence of exploitation, the community decided to launch the new Ironwood shielding pool and conduct comprehensive formal verification of its protocol because it is theoretically impossible to confirm whether covert issuance has occurred through on-chain history.
Sovright launches Argos tool to help early Zcash users recover assets from lost wallets.
According to BlockBeats, on June 30, Sovright, a non-profit organization founded by members of the governance team of the former Zcash developer Electric Coin Company (ECC), launched Argos, a wallet recovery tool to help early Zcash users recover assets in their Shielded Addresses that became inaccessible due to the cessation of maintenance on ZEC Wallet Lite in 2022. Sovright Executive Chairman Michelle Lai stated that users holding the original wallet's seed phrase can recover their funds through Argos. While the exact number of affected addresses cannot be accurately determined, the amount of funds involved is expected to be substantial, primarily impacting early and long-term Zcash users. In addition to Argos, Sovright recently launched a testnet version of the Sovright Mining Pool, which aims to help individual miners participate in mining and improve the problem of excessive concentration of Zcash computing power. Sovright was founded after a governance disagreement between the ECC and the governance body Bootstrap. All former ECC employees left to form the for-profit Zcash Open Development Lab (ZODL), while three former Bootstrap board members formed Sovright to continue promoting the Zcash ecosystem in a non-profit manner.
Zcash Is Running—Devs Want to Make It Faster
A new upgrade would cut Zcash block time from 75 seconds to 25, while quietly rewriting how the network pays for its own security after 2031.
Metaplanet’s executive stock pool sparks shareholder backlash as CEO addresses MMXX ties
Metaplanet’s executive stock pool continues to draw backlash over dilution concerns, as investors urged the company to freeze the exercise rights tied to 273 million shares.