In brief
- About 12,224 ZEC, worth roughly $15 million to $16 million, remains in Zcash’s original privacy pool, Sprout.
- The NU7 upgrade will make those coins unspendable unless holders move them before activation.
- The upgrade also promises transactions that confirm three times faster, while removing outdated technology from the network.
Zcash is preparing to shut down its oldest privacy technology, potentially leaving millions of dollars in cryptocurrency inaccessible to their owners—even if they still have the passwords and private keys needed to access their wallets.
Approximately 12,224 ZEC remain in Sprout, the cryptocurrency’s original privacy pool, according to ZecStats data updated Thursday.
At recent market prices, those holdings…
