Zcash proposes Ironwood upgrade to fix supply verification bug

Zcash (ZEC) has seen a 45% price increase from recent lows following the proposal of the Ironwood upgrade. This upgrade introduces a new shielded pool intended to allow users to independently verify the coin's supply after a critical counterfeiting vulnerability was discovered in the existing Orchard pool last week. The proposal, put forth by ZODL in collaboration with Tachyon, Valar Group, the Zcash Foundation, and Shielded Labs, is scheduled for activation in late July 2026, after the zcash end-of-support at block height 3,417,100. The development is bolstered by formal verification, independent audits, and an AI-assisted security review.