ZEC Surges 12% as Zcash Nears Proof Against Hidden Inflation Vulnerabilities
2026-07-08 06:06

Woofun AI reports that Zcash’s native token ZEC climbed over 12% on Tuesday as developers near completion of a mathematical proof confirming the absence of undetectable counterfeit minting vulnerabilities in the upcoming Ironwood shielded pool. This verification effort, led by Project Tachyon, aims to eliminate hidden inflation risks following last month’s disclosure of a serious flaw in the Orchard pool, which had triggered a 40% price drop within two days. Zcash founder Zooko Wilcox confirmed the project is close to producing the formal proof, noting that AI-assisted verification has reduced the timeline from years to weeks. The positive development propelled ZEC above $500, marking its highest level since early June.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
ZEC
Zooko Wilcox
Zcash
Project Tachyon
Ironwood
Orchard
Share:
back