Zcash ZEC Rises 12% as Project Tachyon Approaches Proof Against Hidden Inflation Flaw

According to Odaily, Zcash's native token ZEC rose over 12% on Tuesday as the team behind the privacy pool project announced it is nearing completion of a mathematical proof to confirm the absence of undetectable counterfeiting vulnerabilities in Zcash's latest shielded pool.

Project Tachyon is advancing the verification work for Zcash's upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox stated the project is on the verge of producing the mathematical proof to demonstrate that the latest privacy pool contains no undetectable inflation flaws. The development follows the disclosure last month of a critical vulnerability in the Orchard shielded pool, which had prompted market concerns about potential hidden inflation risks in Zcash's privacy system.