Zcash finalized the Ironwood network upgrade plan with a target activation for July. This development directly impacts Cypherpunk Technologies, the largest known corporate holder of the cryptocurrency.
Cypherpunk Technologies operates as a major Zcash treasury company. The upgrade follows a critical bug disclosure that allowed for the potential creation of counterfeit Zcash.
This security flaw caused the price of ZEC to fall sharply last week. Cypherpunk’s stock (CYPH) plunged over 40% following the news. Ironwood serves as a direct response to restore confidence in the network’s privacy and supply integrity.