According to ME News, on June 5 (UTC+8), ZEC treasury company Cypherpunk stated that all software contains vulnerabilities; historically, Bitcoin once erroneously minted 184 billion BTC. However, this does not mean blockchain technology should be abandoned, but rather that security should be strengthened through formal verification and provable correctness. Cypherpunk emphasized that as AI technology advances, vulnerability detection will become faster and more comprehensive, but the key lies in who can identify issues before malicious actors do. Zcash will demonstrate its capability in this area through an upcoming update. (Source: ODAILY)
ZEC Treasury Company Cypherpunk Responds to Price Volatility: All Software Has Vulnerabilities; Zcash Will Demonstrate Its Security Capabilities
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Summary
The Zcash treasury company Cypherpunk addressed macro-driven volatility and CFT concerns, noting that all software has vulnerabilities. It referenced a past Bitcoin bug that resulted in 1.84 billion BTC being over-minted. The firm emphasized the need for formal verification and provable correctness to strengthen security. With advancements in AI, vulnerability detection will expand, but early identification remains critical. Zcash will demonstrate its security strengths in an upcoming update.
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