The security researcher, who discovered the Orchard Pool vulnerability in Zcash, says he has added other privacy-focused coins, including Monero, to his audit queue.
Researcher To Audit Monero After Finding Zcash FlawThe language in the public notice of the vulnerability emphasized that, while there was no evidence of exploitation, due to Zcash’s privacy property, there was no way to cryptographically confirm that the bug was not exploited during the period it went unnoticed. This impossible situation has cast doubt on the privacy feature in certain cryptocurrencies, such as Monero.
What’s The Next Move For The Privacy Coin?With no cryptographic way to confirm whether the counterfeiting vulnerability was exploited, Shielded Labs, alongside the ZODL and other key stakeholders, has launched a proposal called Ironwood. Ironwood is expected to enable users to verify the authenticity of ZEC’s circulating supply.
As of this writing, the price of ZEC sits at around $400, reflecting an almost 4% jump in the past 24 hours.
