Zcash Founder Clarifies Local Supply Verification, Denying Secret Inflation Risks

Zcash co-founder asserts ZEC supply is locally verifiable at 16.8M, debunking inflation fears tied to Orchard-to-Ironwood migration delays.

Woofun AI reports that Zcash co-founder zooko stated concerns regarding secret ZEC inflation are unfounded, noting that the current total supply of 16,848,458 tokens can be independently verified on local computers without waiting months. The clarification addresses confusion surrounding the protocol migration from Orchard to Ironwood, where some users incorrectly assumed migration completion was necessary to confirm inflation status. Boston Zcash explained that the "turnstile" mechanism ensures not all Orchard funds will migrate to Ironwood due to factors like lost private keys, rendering migration completion an invalid metric for assessing inflation.