Ledger adds private Zcash balances as ZEC rises 84% in a month

Ledger now lets Zcash holders keep both transparent and private balances in Ledger Wallet. ZEC trades 84% higher than a month ago. Users previously needed a third-party app to hold private ZEC. Private funds appear only when they sit in Ironwood. Zcash launched Ironwood in July. Ironwood replaced the old privacy pool after researcher Taylor Hornby found a flaw there. Ledger Chief Technology Officer Charles Guillemet said private data never leaves the user's computer. Scanning and transaction building happen on the user's machine. The user's unified viewing key is stored locally and is not shared with Ledger. A viewing key lets software read a wallet's private history. Private ZEC cannot be swapped without first making it public. The original Nano S cannot run the feature. Zondax's older app will be pulled on November 5. Users of that app must move their funds before then. ZEC traded at $1,516 at the time of writing. ZEC was down almost 3% over 24 hours. ZEC was up 23% over seven days. ZEC was up over 84% over the last month. ZEC ranked ninth by market value. Zcash exchange-traded funds drew $98.2 million in the week to September 18. That was the largest weekly ETF inflow among 14 crypto products. ZEC reached a 24-hour high of $1,658.86. ZEC later traded below $1,530.