Ironwood would close the old Orchard pool to new activity and route funds through a turnstile before they enter a new shielded pool.
Zcash developers are proposing a new shielded pool called Ironwood after a recently patched bug raised concerns about whether counterfeit ZEC could have entered circulation unnoticed.
The Zcash Open Development Lab (ZODL) said Saturday that it is working with Tachyon, Valar Group, the Zcash Foundation and Shielded Labs on the proposed network upgrade, which would add formal verification and independent audits to the Orchard protocol, a privacy system that lets users move ZEC without revealing transaction details.
The proposal would close the current Orchard pool to new deposits and internal transactions, requiring funds to pass through a “turnstile,” which serves as an accounting checkpoint, before entering Ironwood.
