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Zcash is close to completing a mathematical proof against the hidden inflation vulnerability, ZEC up 12%

MeNews
ME News report: On July 8 (UTC+8), Zcash's native token ZEC rose more than 12% on Tuesday, after the team responsible for developing its privacy pool said it was close to completing a mathematical proof to confirm that there are no undetectable counterfeit inflation vulnerabilities in the latest Zcash shielded pool. The verification work, advanced by Project Tachyon, targets Zcash's upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox stated that the project is on the verge of producing the mathematical proof, aiming to demonstrate that the latest Zcash privacy pool has no undetectable inflation vulnerabilities. This development follows last month's disclosure of a serious counterfeit vulnerability in the Zcash Orchard shielded pool. At that time, the vulnerability caused market concerns about potentially undetectable hidden inflation risks in Zcash's privacy system, leading ZEC to drop over 40% within two days. Developers say that with the help of AI-assisted formal verification, such proofs, which could have taken years in the past, have now been compressed to a matter of weeks. The news pushed ZEC back above $500, its highest level since early June. (Source: ODAILY)
ZEC6.98%
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