$ZEC halved after a bug that could mint fake coins.
đ§ In plain words
Imagine a vault where a faulty scanner lets someone print fake receipts. Zcash's Orchard pool had a flaw like that, per The Block. But Zcash also has a turnstile, a counter that checks how much value goes in and out of each pool. If someone printed fake coins, they could not cash out more than the pool's balance.
â What it means for you
âą The bug was patched within days.
âą Prior use of the bug cannot be proven in a private pool, though Zooko Wilcox said it was unlikely.
âą Total supply protection did not depend only on the broken part.
Takeaway: layered checks limited the damage, but trust still took a hit.
đŹ Which matters more to you in a privacy coin: audits, track record or speed of fixes? One word.
#ZcashOrchard #TurnstileChecks
đ§ In plain words
Imagine a vault where a faulty scanner lets someone print fake receipts. Zcash's Orchard pool had a flaw like that, per The Block. But Zcash also has a turnstile, a counter that checks how much value goes in and out of each pool. If someone printed fake coins, they could not cash out more than the pool's balance.
â What it means for you
âą The bug was patched within days.
âą Prior use of the bug cannot be proven in a private pool, though Zooko Wilcox said it was unlikely.
âą Total supply protection did not depend only on the broken part.
Takeaway: layered checks limited the damage, but trust still took a hit.
đŹ Which matters more to you in a privacy coin: audits, track record or speed of fixes? One word.
#ZcashOrchard #TurnstileChecks