Zcash, XRP Both Dumped Last Week, But Only One Is Up 45% From The Lows

Zcash (CRYPTO: ZEC) has bounced 45% from last week’s $300 low to $437 after developers proposed an upgrade to fix the counterfeiting bug, while XRP (CRYPTO: XRP) attempts a fragile recovery after falling nearly 19% last week.

Ironwood Proposal Would Let Anyone Verify Zcash Supply Is Clean

Developers from Shielded Labs, the Zcash Foundation, and the Zcash Open Development Lab proposed creating a new privacy pool using repaired code.

Once active, anyone running Zcash software can add up balances across pools and confirm no more than the correct amount of ZEC exists.

The proposal also examines whether anyone ever exploited the bug.

Shielded Labs maintains that attackers were unlikely to …

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