Zcash's Sprout pool nears freeze with about 12,200 ZEC remaining
About 12,200 ZEC remains in Zcash's oldest privacy pool as it approaches a freeze, after roughly 10,000 coins left over the past week.
Zcash's Sprout privacy pool, launched in 2016, is approaching a freeze with about 12,200 ZEC still held in it, according to a CoinDesk report. The remaining balance was described as worth roughly $16 million.
Exit activity has slowed sharply. Roughly 10,000 ZEC left the pool over the past week, but only about 40 coins moved out on Wednesday, suggesting the migration has largely tapered off ahead of the freeze.
Key figures
- About 12,200 ZEC remains in Sprout
- Roughly 10,000 ZEC left over the past week
- Only about 40 ZEC moved out Wednesday
- Sprout was launched in 2016
Sprout is Zcash's oldest shielded pool, making the remaining balance a focal point as the protocol moves away from the legacy privacy set. The slowdown in transfers indicates that most funds have already been moved or that remaining holders have yet to act.