Zcash Ironwood: Patch, price rebound, Keystone support

Zcash launches Ironwood hard fork after patching a critical flaw. Keystone supports the upgrade, updating its Nexus app. The patch led to a 17% ZEC price rebound. Wallets must update to avoid issues.

Zcash is experiencing significant technical developments after a critical vulnerability was discovered in the Orchard pool, prompting an emergency update. Due to the network’s privacy features, it remains uncertain whether the flaw was exploited, as verification is not possible. In response, the development team quickly released a patch to contain the threat and is now preparing the Ironwood hard fork. This upgrade will seal the Orchard pool and restore transparency around protocol emission limits. Keystone, a hardware wallet provider, announced immediate support for the Ironwood upgrade through a firmware update. Its Nexus app will also add compatibility with the new network and address formats, ensuring continued support for Zcash users. These updates are vital for those holding shielded ZEC or storing funds on hardware wallets. Following the security patch, ZEC’s price rebounded by 17% within ten hours. Wallet providers and applications must update their software before the network upgrade to prevent service disruptions during the transition.