Zcash has completed its Ironwood network upgrade, replacing its vulnerable Orchard shielded pool with a formally verified alternative designed to prevent undetectable counterfeiting while beginning the migration of shielded funds into the new pool.
Zcash researchers published more than 2,700 machine-checked theorems designed to rule out undetectable counterfeiting bugs in Ironwood.
Zcash activated its Ironwood network upgrade on Tuesday, replacing its vulnerable Orchard shielded pool with a hardened system designed to restore independent verification of the cryptocurrency's circulating supply. The NU6.
Fortitude launched a 12-megawatt mining plant in Grand Island, Nebraska, boosting its contracted capacity to over 60 MW across four states. The facility operates at an estimated electricity rate of $0.045 per kilowatt-hour, reducing operating costs from around $70 to nearly $40 per ZEC.
The long-awaited network upgrade retires Zcash's vulnerable Orchard shielded pool and introduces new safeguards to protect the cryptocurrency's supply.
Zcash activated Ironwood at block 3,428,143, sealing Orchard to new deposits and opening a new shielded pool that began with zero ZEC. Orchard held about 3.66 million ZEC worth roughly $1.7 billion, while a turnstile now caps withdrawals at verified historical deposits.
Zcash activated its Ironwood upgrade, introducing a new shielded pool that strengthens transaction security and makes the integrity of the ZEC supply independently verifiable. Zcash activates Ironwood upgrade after Orchard security flaw.
Ironwood represents something of a unified effort across Zcash's developer ecosystem after Shielded Labs found a bug in Orchard.
Today the ZEC price is grabbing the spotlight as traders caught attention after the Zcash Ironwood network upgrade officially went live, adding fresh momentum to an already bullish technical structure.
Fortitude expects its new 12-megawatt mining facility to cut its direct cash mining cost from about $70 to roughly $40 per ZEC.
The upgrade retires Orchard, where a counterfeiting bug sat undetected for four years. Every coin inside now has to leave through a gate that caps withdrawals at verified deposits.
The activation of Ironwood (NU6.3) at block height 3,428,143 on July 28, 2026, is not a routine update. Nor is it, strictly speaking, a security patch, given that the emergency fix NU6.2 already fulfilled that function on June 3.