#private transaction pool

The post Zcash Sets July 28 Date for Ironwood Upgrade to Prove ZEC Supply Integrity appeared on BitcoinEthereumNews.com. Key highlights: The Ironwood upgrade introduces a new private transaction pool, closing the current Orchard pool The update will determine if counterfeit coins were ever created with an exploit that has since been patched ZEC has seen some upside after falling around 50% on the disclosure of the flaw Zcash developers have officially confirmed that the network’s Ironwood upgrade will go live on July 28, after weeks of discussion and preparation. The update is designed to fix the security issue that was discovered earlier this year in Orchard, the blockchain’s shielded transaction pool. Developers maintained that there was no evidence that the bug was ever used.  However, the integrity of the network’s token supply still came into question, which is what the Ironwood upgrade is designed to address.  Zcash upgrade aims to strengthen supply verification According to Zcas

The post Zcash Sets Ironwood Network Upgrade for July 28 appeared on BitcoinEthereumNews.com. Zcash’s Ironwood network upgrade, the solution to an “infinity” bug discovered in May on the privacy-focused blockchain’s main private transaction pool, Orchard, is set to go live on July 28.  Announced in June, Ironwood closes the current Orchard pool, prevents new activity in it and sets up a new private pool. Funds leaving Orchard would have to pass through an accounting checkpoint before entering Ironwood, which could produce evidence about whether any counterfeit Zcash (ZEC) tokens were produced through the Orchard bug.  “Zcash’s Ironwood mainnet activation height has been set and tagged! All of the major organizations are committed to activation of NU6.3 at height 3428143, which is approximately July 28th at 8AM EST,” Zcash core developer Sean Bowe said on Thursday. Source: Sean Bowe Shielded Labs had floated delaying Zcash’s Ironwood upgrade, warning that ecosystem participants such as