Zcash bounces 45% as developers propose new Ironwood upgrade
Zcash developers have proposed the 'Ironwood' upgrade to address a critical counterfeiting bug discovered in the network's privacy-focused Orchard pool. The plan involves migrating users to a new pool to verify the total coin supply and ensure no counterfeit ZEC remains in circulation.
Why it matters
This upgrade is crucial for restoring investor confidence and the long-term integrity of the Zcash privacy protocol following a significant market sell-off.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Zcash bounces 45% as developers propose new Ironwood upgrade The plan would let anyone verify that no counterfeit coins are circulating, addressing the patched bug that triggered last week s crash. ZEC is still down about 22% on the week. By Shaurya Malwa | Edited by Omkar Godbole Updated Jun 8, 2026, 8:17 a.m. Published Jun 8, 2026, 8:10 a.m. 2 min read Make preferred on What to know : Zcash has rebounded about 45% from last week’s low after developers proposed a fix for a critical counterfeiting bug in its privacy-focused Orchard pool. The Ironwood proposal would move users to a new, repaired privacy pool and let anyone running Zcash software verify that no more than the correct amount of ZEC exists. As coins migrate out of the old pool, any counterfeit ZEC would either be exposed or stranded and destroyed, potentially revealing whether the flaw was ever exploited, though developers say abuse is unlikely. Zcash has clawed back much of last week s losses, rising about 45% from the low near $300 it hit Friday as developers proposed a fix for the flaw that triggered the sell-off.
The article reports on technical developments and market movements using neutral, factual language.
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