Four years. Two lines of code. 72 hours to fix. One week to come back stronger.
CipherScan Weekly #12 is a special edition. Full story inside.
https://t.co/vGA7ROI9D1
@HunterBiden@villainmonkey The more you post, the more I like you. Either you’re actually a genuine, nice, loving, funny person or you’re insanely twisted and a good liar. I’m leaning towards the first one
Been stacking Zcash since 2019
Survived the last 7 years
Really think a bug patch scares me?
The projects who never update scare me.
ZEC Zcash devs work ethic make me bullish AF
No matter how you look at it
Zcash is the main character of this cycle
Everyone talks about Zcash
80% of commentators are haters
Which makes it feel like Bitcoin in 2013
Thus giving the Zcashers more confidence
@HunterBiden since you’ve been on Twitter my entire view on you has been changed. I want to formally apologize for jumping to conclusions based on info provided by social media. I genuinely hope the best for you and support your advocation for drug rehabilitation.
380K ZEC was deshielded. Here's where it actually went.
Only half of the 380K ZEC that was deshielded actually moved. 45% is still sitting at transparent addresses, untouched.
Only 21% of the deshielded ZEC actually left Zcash (bridged). That's 82K ZEC, 1.6% of the shielded pool, 0.5% of total supply.
47K went to exchanges. That's the total sell pressure from Orchard holders. 0.28% of supply. On a $6.7B cap.
Meanwhile, ~118K ZEC was shielded during the same period. Even at peak FUD, people were buying and shielding.
What this says?
- Holders parked. They didn't panic.
- The selling was traders who were already on exchanges.
- Security is hardened and will be even more so.
- Price went from $300 to $402. If you bought the dip, you know.
Future is bright.
Together with @zodl_co, @ZcashFoundation, @ValarGroup and @ShieldedLabs, we're advocating for a network upgrade that would make ZEC's circulating supply auditable, providing additional reassurance that no counterfeiting occurred in the Orchard pool before this week's bugfix.
https://t.co/uPeinopdgf
zec had an exploitable inflation bug in orchard pool for 4 years and took a 50% haircut on the news of it and the market still values zcash more than monero
lesson in there
Zcash coded. The news being it’s more secure than it was last week.
And soon, there should be a way to prove the integrity of the supply was maintained.
Finding a bug isn't a security failure. Not looking is.
Zcash has a team of world-class security engineers and cryptographers working on it 24/7.
In the AI era, every protocol will face this test. Most aren't prepared.