Massive AI Flaw Discovered and "Ironwood" Proposed to Save the Network ๐ The crypto ecosystem is shaking after one of the year's most shocking revelations. A critical error in Zcash's ($ZEC) privacy pool "Orchard," which had secretly existed since May 2022, compromised the integrity of the entire coin supply.
What happened? ๐ค Discovered by AI: Researcher Taylor Hornby, using the AI model Opus 4.8, detected a mathematical vulnerability in Orchard's cryptographic circuit.
๐ธ Infinite and Invisible Coins: The flaw would allow an attacker to generate fake and unlimited ZEC within the privacy pool without anyone noticing. Fortunately, it was patched on June 2 before it could be exploited!
โ ๏ธ Market Panic: Heavyweights like Arthur Hayes completely liquidated their positions in ZEC, arguing that privacy "demands perfection." This caused a price crash of over 30%. The Definitive Solution: The "Ironwood" proposal ๐ฒ To regain total investor confidence, founders and developers (including Zooko) have just launched the "Ironwood" proposal, scheduled for the end of July. Ironwood will create a new shielded pool and introduce a mechanism that will allow any user with a node to independently verify and 100% transparently that Zcash's circulating supply is correct, without breaking privacy.
๐ฌ What do you think? Do you believe the Ironwood proposal will save Zcash and help the price recover, or has trust already been broken forever? Iโm reading your comments! ๐
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