Zcash (ZEC)

Zooko Wilcox: Users Cannot Independently Verify Whether ZEC Supply Was Affected by Potential Exploitation of Orchard Vulnerability

Shielded Labs and other Zcash ecosystem participants have proposed the Ironwood network upgrade, acknowledging that users currently cannot independently verify whether ZEC’s circulating supply was affected by potential exploitation of the recently disclosed Orchard counterfeiting vulnerability. The team said it believes exploitation of the vulnerability is unlikely, but cannot conclusively rule it out.

The proposed upgrade would restore users’ ability to verify Zcash’s circulating supply through consensus rules by creating a new shielded pool and preventing the existing Orchard pool from creating new outputs. A timeline for deployment has not yet been determined.

https://t.co/Jeqa2iuLVF

People think it will be bullish for $ZEC if they conclude that no one exploited the infinite mint bug but I think it’s even more bullish if it actually got exploited. Someone was able to mint an unlimited number of coins and it still did 10x?