Zcash’s ZEC token shot up 45% in a day after developers proposed the Ironwood upgrade, a fix for the bug that sparked last week’s crash. The rally didn’t erase all losses — ZEC is still down about 22% on the week.
The bug and the fix
Last week’s price drop wasn’t random. Developers traced it to a bug that could let counterfeit coins slip through the network’s verification system. They patched the vulnerability quickly, but the Ironwood proposal is meant to make sure it can’t happen again.
What Ironwood changes
The upgrade would let anyone — not just miners or full node operators — independently verify that no fake ZEC is in circulation. That opens the checking process to the broader community. Developers argue it restores trust in the supply mechanism after the bug shook confidence.
The market’s mixed signal
The 45% bounce suggests traders see the proposal as a credible response. Still, the token hasn’t recovered its pre-crash price. Some sellers may be waiting for Ironwood to move from proposal to implementation before coming back. Trading volume picked up during the rally but hasn’t stayed elevated.
Next steps
The Ironwood proposal is now open for community discussion. No timeline for a vote or deployment has been set.
