DescriptionZcash sits at the center of 2026's privacy-vs-auditability debate. After the July 2026 Ironwood upgrade added a new shielded pool to address the Orchard counterfeiting bug, and the Zashi wallet made shielded transfers the default, the share of total ZEC supply held in shielded pools has climbed from ~8% (early 2024) to roughly 26% by August 2026 (~4.38M ZEC, ~25.99%), hovering right around the 26% line. This event resolves YES if the combined shielded-pool supply (Sapling + Orchard + Ironwood) reads 26.0% or higher of total ZEC supply at the snapshot on 2026-09-08 23:59 UTC. This event resolves NO if that figure is below 26.0% at the snapshot. 1. Specificity: YES requires zcashtracker.com/charts/shielded-zcash's "% OF TOTAL SUPPLY SHIELDED" field (shielded ZEC divided by total ZEC supply) to read 26.0% or higher at the deadline snapshot. 2. Exclusion: Shielded transaction-count/volume metrics do NOT count — only the shielded-supply share. Intraday spikes before the snapshot do not count; only the value at the snapshot time counts. Circulating-supply denominators are not used — the named field is authoritative. 3. Source Hierarchy: zcashtracker.com/charts/shielded-zcash ("% OF TOTAL SUPPLY SHIELDED") priority. electriccoin.co / official Zcash dashboards secondary. Coin Metrics shielded-supply data tertiary. 4. Timing: Snapshot taken at 2026-09-08 23:59 UTC. Readings after the deadline do not count. 5. Cancellation Rule: Resolution follows the on-chain shielded-supply figure as displayed by the named source, regardless of any ongoing supply-verification dispute stemming from the Orchard counterfeiting bug. No announcement/implementation condition applies.