Zcash Soars on Ironwood Upgrade and Binance Backing

Zcash has seen a significant price swing of 3.1% in the last 16 hours, driven by a combination of factors.

The imminent Ironwood (NU6.3) network upgrade, scheduled for July 28 at block 3,428,143, is the main catalyst behind this movement.

This upgrade addresses long-running concerns about unverifiable supply in shielded systems and introduces a new shielded pool with independent verification of circulating supply.

Binance's support for the upgrade further reduces user fear and aligns with the timeline, creating a strong, time-bounded catalyst.