Technology1 source
Zcash Upgrade Could Lock $16 Million in Crypto Forever
Headline from Decrypt
Key points
- Zcash's newest network update is designed to improve transaction speeds for users.
- However, thousands of tokens are currently held within an older privacy protocol that is scheduled to disable withdrawals soon.
- As a result of this transition, holders who fail to move their funds out of the aging system risk losing access to roughly $16 million permanently.
Summarized automatically by Kryptokite from reporting by Decrypt. Read the original sources for full detail.
Coins mentioned
Sources
- DecryptZcash Upgrade Could Lock $16 Million in Crypto Forever · 1 hour agoRead on Decrypt
Story timeline
- The Defiant1 min read
Zcash Nears NU7 Upgrade and Sprout Spending Cutoff
- U.Today1 min read
Zcash (ZEC) Co-Founder Issues Warning on AI Security Threat
- Crypto Briefing1 min read
Zcash to freeze $16M in its oldest privacy pool with NU7 upgrade
- CoinDesk1 min read
Zcash is about to freeze $16 million in its oldest privacy pool
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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.