The Ironwood migration is not just a routine upgrade; it can prove that Zcash can restore the mathematically verifiable integrity of the ZEC supply.
Through formal verification (using Lean) of the new shielded pool and the patched turnstile mechanism from Orchard, Zcash closes undetected counterfeiting loopholes. After the migration, anyone running a full node can verify for themselves that the circulating supply of ZEC is secure and compliant with the rules.
This addresses the biggest challenge facing privacy coins: how to prove “no hidden inflation” without sacrificing transaction privacy.
A major milestone in zk-security. Huge thanks to
@TachyonZcash , Shielded Labs (
@ShieldedLabs ), ZODL (
@zodl_co ), and the Zcash community (such as
@ZecHub ).
Privacy without verified supply integrity is only half the battle. This could become the new industry standard.
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