coin-img-ETHETH-1.94%coin-img-BTCBTC-0.57%coin-img-SOLSOL-3.52%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-3.94%coin-img-TRXTRX-0.37%coin-img-HYPEHYPE-9.33%coin-img-OPNOPN+5.08%coin-img-ETHETH-1.94%coin-img-BTCBTC-0.57%coin-img-SOLSOL-3.52%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-3.94%coin-img-TRXTRX-0.37%coin-img-HYPEHYPE-9.33%coin-img-OPNOPN+5.08%coin-img-ETHETH-1.94%coin-img-BTCBTC-0.57%coin-img-SOLSOL-3.52%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-3.94%coin-img-TRXTRX-0.37%coin-img-HYPEHYPE-9.33%coin-img-OPNOPN+5.08%coin-img-ETHETH-1.94%coin-img-BTCBTC-0.57%coin-img-SOLSOL-3.52%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-3.94%coin-img-TRXTRX-0.37%coin-img-HYPEHYPE-9.33%coin-img-OPNOPN+5.08%
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Hristina Vasileva

ZCash proposes Ironwood fix after counterfeit-coin bug triggers 53% ZEC drop

ZCash is trying to restore confidence after unveiling the proposed Ironwood approach to address a counterfeit-minting risk tied to the Orchard shielded pool. ZEC rebounded to $435 as of June 7, up about 12% on the day, after sliding to $322 during panic selling and marking a peak drawdown of roughly 53%. The plan centers on moving legitimate coins into a new pool using turnstile accounting so potentially counterfeit funds cannot migrate forward.
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