τaoωzer

RT tao zec kas rune

[Dev 🧪 @zkDragon]

Why Late July? Testnets will be here way before?

Its because:

- We will have the real Ironwood circuit formally verified against the spec

- The way planned network upgrades in Zcash have worked to date, is that Zcashd has a halt height. Users are expected to update their client before that halt height.

- The latest Zcashd halt height is July 17th (up to block time variance)

- All full nodes should move either to Zebra, or our "zcashd-wrapper" node.
- This wrapper node uses the precise consensus rules of Zebra, along with some syncing improvements
- It supports the exact Zcashd wallet format that folks are already using

[Josh Swihart 🛡 @jswihart]

https://t.co/9gaPMvTc9G

[const @const_reborn]

Fiat used to print cash. Now it prints GPUs.

Either way, it all ends up flowing into the protocols.

[CipherScan @cipherscan_app]

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.

[Dev 🧪 @zkDragon]

The new Ironwood pool offers a permanent fix to this entire bug class. Formal verification precisely solves the risk of edge-case between circuit specification and implementation.

We verify the real implementation against the spec.

This whole "migrating pools" already has to occur for quantum, its now happening one extra time to prove to everyone faster, that there was no hack

[Dan @robustus]

@ceterispar1bus The ironic (given current mood out there) possibility is that zcash may end up as one of the most robust networks from a security perspective.

[Barry Silbert @BarrySilbert]

@ceterispar1bus agreed. also most ambitious and has the largest addressable market (store of value, offshore wealth). biggest asymmetric risk-return bet in all of crypto, i think

[Alex Shevchenko 🇺🇦 @AlexAuroraDev]

Feeling bad about the current market, huh?

Here's some intel for you. Over the past 7 days on NEAR Intents:

Total purchases of ZEC: $76.2M
Total sell of ZEC: $57.8M

Total purchases of NEAR: $27.8M
Total sells of NEAR: $26.8M

Unplug and get some rest over the weekend.

[Will McEvoy @will__mcevoy]

.@mert on Zcash's future:

"The next upgrade is a formally verified, quantum-proof and more scalable shielded pool in Tachyon.

One of the most bullish possible network upgrades I've seen in the history of crypto."

Zcash is unstoppable private money.

[mert @mert]

tl;dr

not only will upgrade ironwood let you verify the supply is in tact

more importantly, it will be formally verified! so the same class of bugs mathematically will not exist again and reduce risk by orders of magnitude

I have ironwood from hearing this

[Cypherpunk ($CYPH) @cypherpunk]

Meanwhile whales keep encrypting their Bitcoin.

[Barry Silbert @BarrySilbert]

All of you in the crypto cheap seats can keep dunking on Zcash for 'crashing' to the price six weeks ago, or you can instead learn something and spend your energy helping get your own crypto house in order for the AI & quantum risks ahead

[Zcash Open Development Lab @zodl_co]

https://t.co/tGpnptampN

[Ztacking 🛡️ @ztackingzats]

$ZEC has brought life back to CT over the past few days. Eventually you’ll understand its main character arc and schelling point.

[Arjun Khemani @arjunkhemani]

It’s so inspiring to see the entire Zcash community—devs, researchers, investors, and memetic warriors—come together to do what’s best for Zcash.

People who may not always agree converge on the truth, and in doing so, converge on each other.

We will win because we must. Onward.

[τaoωzer @taowsers]

@TechCharts Looking at the much larger IHS, potentially forming.

[Cypherpunk ($CYPH) @cypherpunk]

Meanwhile surveillance money keeps getting encrypted.

[Alex Pruden @apruden08]

1/ I would argue that any ZK team who tells you their constraints are definitely complete hasn't looked hard enough.

So I think it's actually bullish for $ZEC and the Zcash community, who are actively finding and patching these holes.

[Will McEvoy @will__mcevoy]

.@mert:

"The next pool will be provably sound. The math in the ZK circuit will be mathematically proven. Risk drops orders of magnitude."

Zcash is at the forefront of security research.

[mert @mert]

@alinush rooting against encrypted money while being in crypto is truly fascinating

no matter, the optimists will win