Zcash Ironwood upgrade nears testnet activation

Developers report that security testing for the Zcash Ironwood upgrade has found no new serious bugs. The upgrade is advancing toward testnet activation. Concerns have been raised about potential delays due to audits and readiness of supporting software.

Zcash developers stated that security testing uncovered no new serious bugs. The Ironwood upgrade is moving toward testnet activation as of July 3.

Shielded Labs has raised concerns over audits. The group also flagged the readiness of exchanges, miners and wallets.

These issues could pressure the upgrade timeline. No delay has been confirmed.

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Illustration of Zcash rebounding on a financial chart with privacy symbols.
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Zcash rebounds 45 percent after Ironwood upgrade proposal

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Zcash has recovered about 45 percent from its recent low after developers proposed the Ironwood upgrade to address a supply verification issue. The privacy-focused cryptocurrency traded near $437 on Monday, though it remains down 22 percent for the week. The move comes after a patched bug in the Orchard pool triggered last week's sell-off.

Zcash activated a major network upgrade on June 3 that briefly caused block explorers to show no new blocks. Developers also suspended Orchard transactions to fix a privacy pool bug.

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Zcash token ZEC dropped sharply after developers disclosed a vulnerability in the Orchard shielded pool that could have allowed undetected counterfeiting of tokens. The flaw, present since 2022, was found on May 29 using an AI model and patched by June 1. No evidence of exploitation was found, though privacy features prevent cryptographic proof.

A group of leading cryptographers convened by Coinbase has called for Bitcoin to begin preparing for potential quantum attacks, while refusing to take a stance on whether vulnerable coins should be frozen.

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The Sui blockchain suffered three mainnet halts over two days in late May. The incidents stemmed from a bug in the v1.72 release. The Sui Foundation has since deployed a major upgrade to resolve the issues.

NymVPN has introduced post-quantum protections as a standard feature. The privacy-focused mixnet provider has also completed a major redesign that streamlines its interface.

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Trezor has revealed a vulnerability in the TROPIC01 secure element chip used in its Safe 7 hardware wallet. The company said the issue does not put user funds at risk.

 

 

 

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