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ZEC Treasury Company Cypherpunk Responds to Market Fluctuations: All software has vulnerabilities; formal verification will strengthen security
Deep Tide TechFlow news: On June 05, ZEC Treasury Company Cypherpunk posted on the X platform to respond to market volatility in the ZEC token. It said that all software has vulnerabilities. Historically, Bitcoin has “over-minted” 18.4 billion BTC due to an error—but this does not mean that we should give up blockchain technology; instead, we should enhance security through formal verification and provably correct methods.
Cypherpunk emphasized that with the development of AI technology, vulnerability detection will be faster and broader, but the key is who can spot problems before malicious actors do. Zcash demonstrates that it has this capability through an upcoming update.
Earlier, the privacy coin ZEC suffered a market sell-off after it was reported to have a security vulnerability that could potentially lead to infinite minting, and the coin’s price fell by more than 50% in a single day.