Zcash Completes 'Most Ambitious' Network Upgrade as ZEC Resumes Recent Surge
Decrypt·
60-second summary
Zcash is undergoing its most ambitious network upgrade, addressing a critical vulnerability that could have enabled double-spending within the flagship privacy pool, although no exploitation occurred. The upgrade affects approximately 1.2 million ZEC users, with 3.5 million ZEC tokens at risk. The fix should strengthen network security, potentially boosting investor confidence and ZEC's price, which has resumed its recent surge.
A Zcash vulnerability could have allowed double-spending within the network's flagship privacy pool, though no exploitation occurred.