#ZcashIronwoodUpgradeAfterCounterfeitingBug When a project is appreciated and worked on out of passion to keep it stable, there will always be light at the end of the tunnel. In this case, we can see how Zcash has recovered a significant portion of last week's losses, climbing nearly 45% from the low of around 300๐ฒ it hit on Friday, after developers proposed a fix for the vulnerability that triggered the massive sell-off.
Letโs jog our memory a bit; on Monday, $ZEC was trading around 437๐ฒ and plummeted after Shielded Labs, a non-profit developer of the network, revealed a counterfeit vulnerability in Zcash's Orchard pool, the part of the system that conceals transaction details. This led to many HODLers dumping $ZEC , reducing its price down to 300๐ฒ. However, with the constant and effective work of the developers, they managed to find a solution to the problem, and now the token ๐ช $ZEC is beginning to stabilize its price ๐๐ผ๐๐ผ๐๐ผ and sooner rather than later, it will be back above 450๐ฒ.
Letโs jog our memory a bit; on Monday, $ZEC was trading around 437๐ฒ and plummeted after Shielded Labs, a non-profit developer of the network, revealed a counterfeit vulnerability in Zcash's Orchard pool, the part of the system that conceals transaction details. This led to many HODLers dumping $ZEC , reducing its price down to 300๐ฒ. However, with the constant and effective work of the developers, they managed to find a solution to the problem, and now the token ๐ช $ZEC is beginning to stabilize its price ๐๐ผ๐๐ผ๐๐ผ and sooner rather than later, it will be back above 450๐ฒ.