ZEC Jumps 12% as Zcash Nears Mathematical Proof Against Hidden Counterfeit Bugs

According to The Block, ZEC climbed 12% on Tuesday as Zcash developers neared a mathematical proof that the network's privacy system does not contain an undetectable counterfeiting bug. Project Tachyon outlined details of its verification effort for Zcash's upcoming Ironwood shielded pool, with founder Zooko Wilcox noting the project is "on the verge of producing a mathematical proof that there are no undetectable counterfeiting bugs in the latest Zcash shielded pools."

The announcement helped lift ZEC back above $500, its highest level since early June, when disclosure of a critical flaw in Zcash's Orchard shielded pool caused the token to tumble more than 40% in two days. Project Tachyon said advances in AI-assisted proof generation reduced work that once took years to a matter of weeks.