Odaily Planet News: The independent core development team led by Zcash (ZEC) founder Zooko, Shielded Labs, announced on the X platform that they have received a donation from Vitalik Buterin, but did not disclose the specific amount. The funds will be used to support the development of Crosslink, which enhances Zcash's existing proof-of-work (PoW) consensus mechanism by adding a parallel finality layer, thereby preventing chain reorganization and rollback attacks. Currently, Shielded Labs' funding comes from donations by Zcash holders and supporters, operating independently of the developer fund and block rewards. This donation is Vitalik's second to Shielded Labs; his first donation was in 2023, to support the formation of a dedicated team focused on Crosslink.
Vitalik Buterin Makes Second Donation to Shielded Labs for Crosslink Development
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Summary
Vitalik Buterin has made a second donation to Shielded Labs, supporting Crosslink development. The project adds a parallel finality layer to Zcash’s PoW mechanism. Shielded Labs, led by Zcash founder Zooko, announced the on-chain news on X. The funds aim to prevent chain reorganizations and rollback attacks. This follows a 2023 donation to form a Crosslink team. Crypto news outlets like Odaily reported the update.
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