ZEC jumps 12% after developers prove no counterfeiting bug

Zcash (ZEC) has surged approximately 12% after developers announced proof that the network's privacy system is free of undetectable counterfeiting bugs, according to The Block. The rally has helped the token recover most of the losses it incurred last month, when it plummeted over 40% in two days following a flaw in its Orchard pool. Project Tachyon, one of Zcash's development organizations, explained that advances in AI-based proof technology made it possible to complete the verification process in weeks, a task that would have previously taken years.