Zcash's Cypherpunk Responds to 50% Price Drop, Plans Security Updates Through Formal Verification

ZEC-42.75%
BTC-0.23%
According to ChainCatcher, Zcash's treasury company Cypherpunk responded on X platform to ZEC's recent market volatility, stating that all software contains vulnerabilities—noting that Bitcoin historically overcounted 184 billion BTC due to errors. Cypherpunk emphasized that the solution is not to abandon blockchain technology but to enhance security through formal verification and provable correctness. The company highlighted that Zcash's upcoming update will demonstrate its ability to detect vulnerabilities before malicious actors exploit them.
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