Zcash's Oldest Privacy Pool Nears Freeze With 12,200 ZEC Left
About $16 million in ZEC remains in Sprout, the 2016-era pool, after roughly 10,000 coins left over the past week.
Zcash's Sprout privacy pool holds about 12,200 ZEC, worth roughly $16 million, as it approaches a freeze, according to CoinDesk. Sprout was the project's first shielded pool and launched in 2016.
Roughly 10,000 ZEC left the pool over the past week, but only about 40 coins moved out on Wednesday, indicating that withdrawals slowed sharply.
Legacy privacy pool
Sprout is an older component of Zcash's shielded transaction system. The remaining balance reflects coins that have not yet been moved out as the legacy pool nears its freeze.
Zcash uses zero-knowledge cryptography to support shielded transactions, and Sprout has since been followed by newer pool designs. The limited movement on Wednesday suggests the final withdrawals are taking place gradually rather than in a single wave.