Zcash has officially finalized the Ironwood network upgrade plan, targeting activation in July. This upgrade is intended to address the “infinite minting” vulnerability crisis previously faced by the Orchard privacy pool. Ironwood will roll out a repaired new privacy pool and gradually shut down the old one. After the upgrade is completed, users and nodes running Zcash software will be able to aggregate the balances of both the new and old pools and independently verify whether the total circulating supply of ZEC exceeds the hard cap of 21 million ZEC, thereby restoring market confidence in Zcash’s fixed-supply mechanism while maintaining decentralization. (The Block)

ZEC-0.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 2
  • Share
Comment
Add a comment
Add a comment
QuantitativeButNotPretentious
· 10h ago
Activated in July, nodes can now verify the 21 million cap themselves; decentralized auditing is the right way forward.
View OriginalReply0
FeeMarketMonk
· 10h ago
The old pool is gradually shutting down, the new pool is going live, and the migration period requires close monitoring of wallet compatibility.
View OriginalReply0
SlippageAfterTheRain
· 10h ago
Finally, the patch has arrived. The Orchard vulnerability really had us sweating.
View OriginalReply0
  • Pinned