Zcash Rebounds 22.87% in a Week After Vulnerability Fears Resolved

According to CoinMarketCap, Zcash (ZEC) rose 22.87% over the past week, recovering significantly from a decline triggered by a disclosed vulnerability in the privacy pool Orchard. On July 16, ZEC traded at $567, bouncing back from a low of $372 reached in June when the flaw was announced.

Investigations confirmed the vulnerability was never exploited on the mainnet, and the Turnstile supply verification system showed no irregular issuance. Zcash developer Sean Bowe announced on July 15 the release of Zakura 1.0.0, a new full node designed to support upcoming protocol upgrades like Tachyon and improve network performance.