Zcash Upgrade Could Lock $16 Million in Crypto Forever

Share

Approximately 12,224 ZEC, worth roughly $15 million to $16 million, remain in Zcash’s original Sprout privacy pool. The NU7 upgrade, scheduled for block 3,543,405, will invalidate version-4 transactions, the only format currently capable of moving those funds out of Sprout. Holders must transfer their ZEC before activation or risk losing access indefinitely. The coins will not be destroyed and will continue to count toward Zcash’s circulating supply, but a future upgrade restoring their spendability is not guaranteed. NU7 will also reduce the target block interval from 75 seconds to 25 seconds, making transactions roughly three times faster to confirm.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items