Zcash's ZEC token rebounded 45% after developers proposed the Ironwood upgrade, designed to restore confidence following last week's sharp selloff triggered by a patched security vulnerability. The core feature of Ironwood would enable public verification that no counterfeit ZEC coins are in circulation — a direct response to concerns that the earlier bug could have allowed undetected coin inflation. The proposal addresses a fundamental trust issue in Zcash's privacy-focused architecture by adding a transparent supply audit mechanism. Despite the bounce, ZEC remains approximately 22% lower on the week, suggesting markets are cautiously optimistic but not fully recovered. The upgrade is still in proposal stage, meaning implementation timelines and community consensus remain key factors in determining whether the recovery holds.
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