'Extremely Bullish': Zcash Rebounds By $2.5 Billion Amid Planned Fix for Supply Conundrum (opens original article in a new tab)

Zcash's price rebounded by $2.5 billion after its founder proposed the 'Ironwood' upgrade to address a supply vulnerability, though the market cap remains below its peak.

• Zcash founder Zooko Wilcox proposed the 'Ironwood' upgrade to restore confidence in the coin's supply.
• The price of Zcash increased by 6% to $445 after the proposal, with market cap recovering to $7.5 billion from a low of $5 billion.
• The upgrade aims to allow users to verify the circulating supply and prevent counterfeit coins through new transaction logic and AI-assisted auditing.