Search results for Josh Swihart
Crypto
Zcash rushes out emergency patch for infinite counterfeit minting flaw, price rebounds
The Zcash development team applied an emergency patch for a critical vulnerability found in the Orchard shielded pool, The Block reported on June 8. Zcash Open Development Lab founder Josh Swihart carried out a two-step emergency upgrade. The first step was a soft fork to disable Orchard transactions to prevent exploitation before full disclosure. The second step used a June 3 hard fork to fix the root issue and re-enable Orchard transactions.
Crypto
Zcash to launch quantum-recovery wallet within a month, aims full quantum-resistant shift by 2027
Zcash has presented a roadmap to launch a quantum-recovery wallet within a month and shift to a fully quantum-resistant system within 12 to 18 months. Josh Swihart (조시 스와이하트), founder and CEO of Zcash Open Development Lab, made the remarks at the Consensus event in Miami, Coindesk reported. Zcash is also pursuing scalability, including discussion of cutting target block time to 25 seconds from 75.
Crypto
Zcash developer ECC splits with Bootstrap Foundation, forms new company
The Electric Coin Company team that developed privacy-focused cryptocurrency Zcash is splitting from the Bootstrap Foundation and will form a new company, Cointelegraph reported. CEO Josh Swihart said the entire team decided to resign due to disagreements with the foundation’s board and cited changes to employment terms. Zcash founder Zooko Wilcox said he trusted the board’s integrity and that the dispute would not affect network security or privacy. Zcash was down about 7 percent over 24 hours to around $461.