Zcash Announces Ironwood Upgrade Plan to Enhance Privacy and Security
- Network Security Upgrade: The Zcash ecosystem has announced a new upgrade plan called “Ironwood,” aimed at enhancing the network's privacy and security infrastructure through collaboration with Zcash Open Development Lab and others, scheduled for rollout by the end of July 2026.
- Transparency Enhancement: The new system will be based on the existing Orchard protocol and will utilize a mechanism called “Turnstile” to verify the ZEC supply transferred from the Orchard pool to Ironwood, making the total circulating ZEC supply verifiable by everyone, thereby increasing the protocol's transparency and security.
- Simplified Asset Transfer: As part of the upgrade, the Orchard pool will no longer accept new deposits or intra-pool transfers, allowing users to transfer existing assets to Ironwood solely via the Turnstile mechanism, and eliminating the need to create a new receiving address, thus streamlining user operations.
- Infrastructure Improvements: ZODL is also implementing broader changes to its network infrastructure, including the phased retirement of the old zcashd client, the development of a new command-line wallet called Zallet, and support for node operators migrating to the Zebrad client to ensure compatibility with the Ironwood upgrade.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 6 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0271 | 0.0347 | 0.0425 | 0.0501 | 0.0579 | 0.0655 | 0.0733 |
| Fibonacci | 0.0347 | 0.0406 | 0.0443 | 0.0501 | 0.056 | 0.0596 | 0.0655 |
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