Zcash co-founder zooko (@zooko) posted that concerns about the possibility of secret inflation of ZEC supply are unfounded—anyone can verify locally on their own computer that the current total ZEC supply is 16,848,458, without waiting months. Background: Zcash is currently undergoing a protocol migration from Orchard to Ironwood, leading some users to mistakenly believe they must wait for the migration to complete before confirming whether inflation has occurred. Boston Zcash clarified that the design of Zcash’s “carousel” mechanism ensures that 100% of Orchard funds will never be fully migrated to Ironwood (due to reasons such as lost private keys); therefore, “migration completion” is not the correct criterion for determining whether inflation has taken place.
Zcash Co-Founder Zooko Clarifies ZEC Supply Verification and Inflation Concerns
TechFlowShare
Summary
Zcash co-founder Zooko addressed recent concerns about inflation data, stating that claims of a secret increase in ZEC supply are baseless. He noted that users can instantly verify the current ZEC supply of 16,848,458 on their local systems. During the protocol upgrade from Orchard to Ironwood, confusion emerged regarding migration completion as an indicator of inflation. Boston Zcash clarified that due to the 'mixing' mechanism, 100% migration is impossible, making it an invalid metric for assessing inflation data.
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