Zcash
Zcash rebounds 45 percent after Ironwood upgrade proposal
Reported by AI Image generated by AI
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.
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.
Reported by AI
Security engineer Taylor Hornby used an AI model to identify a critical vulnerability in the Zcash cryptocurrency that had remained undetected since 2022. The flaw could have permitted unlimited creation of counterfeit tokens. Hornby has now added Monero to his list of planned audits.