Zcash Developers Propose Ironwood Shielded Pool After Orchard Bug Raises Counterfeit Concerns
By
@cointelegraph
Summary
Zcash developers are proposing a new shielded pool called Ironwood following a patched bug in the Orchard protocol that raised concerns about potential counterfeit ZEC entering circulation unnoticed. The proposal, backed by Zcash Open Development Lab, Tachyon, Valar Group, the Zcash Foundation, and Shielded Labs, would add formal verification and independent audits to Orchard. The current Orchard pool would be closed to new deposits and internal transfers, with Ironwood designed to detect if excess ZEC ever tries to leave the system. ZEC has partially recovered from last week's sell-off.
Source
bskyZcash Developers Propose Ironwood Shielded Pool After Orchard Bug Raises Counterfeit Concernscointelegraph.comKey quotes
· 3 pulledZcash developers are proposing a new shielded pool called Ironwood after a recently patched bug raised concerns about whether counterfeit ZEC could have entered circulation unnoticed.
The proposal would close the current Orchard pool to new deposits and internal transfers.
Shielded Labs says Ironwood may show whether excess ZEC ever tries to leave Orchard.
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