Zcash rolled out its Ironwood network upgrade Tuesday, permanently sealing the chain’s previous primary private transaction pool, called Orchard, so that it can no longer accept deposits or internal transfers, and opening a private pool named Ironwood. More here 👇

Day 3 post-Ironwood activation: • 500,000+ ZEC migrated, securing over $240M • No network disruption • Formally verified cryptography protects Ironwood funds • Supply verification continues through Zcash's turnstile Onward.

Zcash’s Ironwood upgrade activates tomorrow, July 28 at 13:00 UTC, restoring the ability to independently verify ZEC’s circulating supply. The upgrade could also reveal whether a bug in the private Orchard pool was ever exploited to create counterfeit ZEC. As funds migrate to the new pool, every ZEC leaving Orchard will be counted. If withdrawals exceed total deposits, it would expose a supply discrepancy. On Derive, traders are positioning for volatility: near-term call exposure is concentrated at $625 for July 31, followed by $850, $900 and $1,000 calls in August.

T-3 days until Ironwood is live on mainnet. Supply verifiability is critical for a sound money system. Ironwood provides on-chain verification, so any node operator can audit circulating supply from activation day forward.