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On February 7, ZEN will implement a community scaling operation involving the mainnet and a tough fork. Subsequently, the shielded pool shall be rendered utterly inactive. It is suggested that each one funds be transferred from the shielded pool previous to that point.
The lack of shielded ZEN will consequence if one is unable to take away the shielded ZEN from shielded addresses previous to the arduous fork. The arduous fork, nevertheless, gained’t have an effect on the clear ZEN; solely the shielded ZEN.
This occurred after the passing of ZenIP 42207 in the direction of the start of 2024. It introduced in regards to the whole withdrawal of the shielded pool from the Horizen mainchain. In consequence, ZenIP 42204 undervalued connectivity with the shielded pool, which responds to the always shifting regulation panorama for privateness tokens. The result’s that it’s going to disable personal transactions on Horizen and supply connectivity with personal addresses.
With impact from February 7, 2024, this can consequence within the full elimination of all personal fee capabilities provided by Horizen. Its capability to ship and obtain personal funds in Horizen shall be misplaced. With the help of Horizen, nevertheless, it’ll stop to be a privateness cryptocurrency and will be utilized for normal public transactions like Bitcoin.
Reiterating the advice, it’s necessary for all customers who’ve funds in personal addresses to switch these funds to their very own clear addresses by February 7, 2024, utilizing zen-cli or Sphere by Horizen. Customers shall be unable to switch funds from the shielded pool to a different handle after the required date. Transferring funds on to trade deposit addresses with out shielding just isn’t suggested.
