Zcash Developers Say Users Can Verify ZEC Supply Locally
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Zcash developers say users can independently verify the circulating supply of 16,848,458 ZEC locally today, addressing concerns after an earlier Orchard vulnerability. The Ironwood upgrade enforces a turnstile that limits Orchard withdrawals to recorded deposits and deploys ZIP 2005 and formal verification to bolster protocol security and readiness, while the migration will be ongoing rather than having a single completion point.
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- Zcash says users can verify the 16,848,458 ZEC supply locally today.
- Ironwood turnstile limits Orchard withdrawals to recorded deposits.
- ZIP 2005 and formal verification strengthen Ironwood’s future readiness.
Zcash developers have moved to address questions about the network’s Ironwood upgrade, explaining that users do not need to wait for the migration from Orchard to verify the cryptocurrency’s circulating supply.
The clarification follows public discussion about a vulnerability discovered in Orchard earlier this year and whether it could have resulted in undetected inflation. According to Zcash co-founder Zooko, anyone can independently verify the current supply of 16,848,458 ZEC on a local computer today, while contributors also explained why the migration to Ironwood is not expected to reach a traditional completion point.
Why the Ironwood Migration Raised…
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