The shielded protocol is live
IRONWOOD
Loading live Ironwood value-pool data.
NU6.3 · Mainnet live observatory
Observing the live Ironwood era and the public evolution of shielded supply — without claiming links the chain cannot prove.
The shielded protocol is live
Loading live Ironwood value-pool data.
Public value-pool accounting
One supply, two observable states. Legacy Sprout value remains included in shielded accounting but outside the primary visual hierarchy.
“Transparent supply” describes value currently held in the transparent pool. It is not synonymous with a provable deshielding event.
Protocol evolution
The sequence shows protocol history, not a traceable path followed by individual funds.
2018 · Legacy
2022 · Current
2026 · Active
Why Ironwood exists
Public accounting verifies where issued ZEC is held. Ironwood’s consensus rules restore a verifiable upper bound on the ZEC that can circulate.
All public value pools currently add up to the emitted ZEC supply. After NU6.3, Ironwood’s turnstile rules will prevent excess value from leaving Orchard and entering circulation.
Ironwood methodology ↗Observable movement
Changes below are net balance differences. Public pool accounting cannot prove gross inflow, gross outflow, or the destination of an Orchard exit.