4d ago· 03 JulRelease

Ironwood Testnet Update

Low3.5

◆ Description

Zcash testnet updates for the Ironwood network upgrade, with two independently developed consensus implementations by Valar Group and Zcash Foundation.

◆ Why it matters

Ironwood is a consensus-layer network upgrade, a category that does reach the protocol's valuation surface, but this testnet activation is a routine step within the existing NU cadence. Two independent client implementations reduce execution risk but add no new market-facing fact on this date. The event confirms progress rather than triggers a re-rate.