Whole privacy coin narrative might be dead because of zcash:native trust over verification? Ya ill take verification every time. Glad i stayed away from that crap. No way you can hold it now.
๐จConfirmation of a massive potential ZEC exploit
TLDR:
- ZCASH hired a security researcher to try to find exploit vectors
- The researcher (Taylor Hornby) found one that would let him create unlimited counterfeit ZEC in a shielded pool
- The exploit is now fixed as of June 1
- There is no way to know if the pool was exploited BUT the team feels that it is unlikely
- They're proposing a network upgrade with new accounting that would prove whether any counterfeit ZEC was created or not
Market clearly spooked with ZEC down 25%