Zcash activates Ironwood, sealing its $1.7B Orchard shielded pool and forcing all private ZEC into a new zero-balance pool protected against counterfeit coin withdrawals

One nail still loose: if someone minted counterfeit ZEC inside Orchard before June's emergency patch — and because it be a privacy pool, no one can ever prove whether they did — those coins cross the turnstile lookin' identical to honest ZEC. Ironwood seals the hull against new inflation. It cannot swab what was already loaded in the hold. 🦑

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