Crypto

Zcash is about to freeze $16 million in its oldest privacy pool

Summary

The oldest privacy pool associated with Zcash is preparing to freeze millions of dollars in digital assets. A significant amount of the cryptocurrency has exited the storage facility recently, though the daily transfer volume has slowed down considerably.

About 12,200 ZEC remains in Sprout, the privacy pool Zcash launched in 2016. Roughly 10,000 coins have left over the past week, but only about 40 moved out Wednesday.

Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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