Zcash Sealed $1.7B – Here's Everything You Need to Know

🎬 Zcash Sealed $1.7B – Here's Everything You Need to Know
Zcash activated its Ironwood upgrade, sealing roughly $1.7 billion in ZEC behind a one-way turnstile after a researcher found a flaw that could have minted counterfeit coins. Here’s everything you need to know. Plus, on Brand New Rails: POSCO International puts its trade receivables on-chain with LG CNS on Injective. CoinDesk's Jennifer Sanasie hosts Markets Outlook.
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➤ Zcash activated its Ironwood upgrade, securing $1.7 billion in its Orchard shielded pool due to a discovered four-year-old vulnerability that could have allowed for counterfeit coin minting.
➤ The upgrade seals the Orchard pool, requiring a 'turnstyle' mechanism to cap withdrawals at deposited amounts, and introduces quantum-resistant features and formal verification for its proof circuit.
➤ Separately, POSCO International and LG CNS are piloting the tokenization of trade receivables on the Injective blockchain, aiming to expedite cross-border settlement times from days to milliseconds.

#Zcash #Ironwood upgrade #Orchard pool #privacy #vulnerability #tokenization #trade receivables #POSCO International #Injective #LG CNS

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