Zcash Treasury Cypherpunk Responds to ZEC 50% Crash, Urges Formal Verification for Security

ZEC19.68%
BTC-2.34%
On June 6, Zcash treasury company Cypherpunk responded on X to recent ZEC market turmoil, stating that all software contains vulnerabilities and that formal verification and provable correctness should be used to enhance security. The company noted that while Bitcoin historically experienced a significant error, this does not mean blockchain technology should be abandoned. Zcash's upcoming update aims to demonstrate its ability to identify and address such issues. ZEC fell over 50% following reports of a critical security flaw that could potentially enable unlimited inflation.
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