Posts
avatar
badge

Zcash NU7 Upgrade to Permanently Lock $16M in Sprout Pool ZEC

Odaily Planet Daily reports that the Zcash NU7 network upgrade is expected to take effect around 9:30 PM Eastern Time on November 5, rendering approximately 12,226 ZEC from the 2016 Sprout privacy pool permanently unspendable—equivalent to about $16 million at $1,300 per ZEC. Holders have only hours left to complete their migration. Last week, around 10,000 ZEC were urgently transferred out of the Sprout pool; by Wednesday, the migration volume had dropped to approximately 40 ZEC. This upgrade will phase out outdated transaction formats to reduce complexity and security risks, and will shorten block times from 75 seconds to a target of 25 seconds. The remaining locked ZEC will still be counted in the total supply, but whether access can be restored remains uncertain.

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment