Zcash pared steep losses after the privacy coin's backers introduced an upgrade aimed at restoring faith in the digital asset's supply.

Josh Swihart, founder of ZODL, provided details on how the Zcash team resolved a critical vulnerability in the Orchard shielded pool.

The plan would let anyone verify that no counterfeit coins are circulating, addressing the patched bug that triggered last week's crash. ZEC is still down about 22% on the week.