Zcash nears completion of proof to rule out hidden inflation bug; ZEC jumps 12%
AI Market Summary
Zcash developers report they are close to completing a mathematical proof that the latest shielded pool lacks undetectable inflation (counterfeit) vulnerabilities, addressing fears raised by last month's disclosed forgery risk in Orchard that triggered a sharp selloff. The prospect of formal verification for Ironwood reduces protocol integrity uncertainty and supports near-term confidence in ZEC, reflected in the reported 12% rally.
Impact level
● Medium
Affected assets
ZEC/USDT+7.51%
AI Insight · ZEC/USDTAI Insight
▲ Bullish
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Zcash's native token ZEC climbed more than 12% on Tuesday after the team behind the network's privacy pool said it is close to finishing a mathematical proof that the latest Zcash shielded pool contains no undetectable counterfeit inflation vulnerability.
The verification work is being led under Project Tachyon, supporting Zcash's upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox said the effort is on the verge of delivering formal proofs designed to demonstrate the newest privacy pool cannot be exploited to create hidden inflation.
The push follows last month's disclosure of a critical forgery flaw affecting Zcash's Orchard shielded pool, which raised fears the privacy system could conceal inflation risks and sent ZEC down more than 40% in two days.
Developers said AI-assisted formal verification is compressing timelines dramatically, allowing proof work that once took years to be completed in weeks. The update lifted ZEC back above $500, the highest level since early June. (The Block)
