ZEC Treasury Company Cypherpunk responds to market fluctuations, all software is vulnerable, formal verification will strengthen security

ZEC treasury company Cypherpunk issued a document on the X platform in response to fluctuations in the ZEC token market, saying that all software has loopholes and that Bitcoin has historically "cast" 184 billion more BTC due to errors. But this does not mean that blockchain technology should be abandoned, but that security should be enhanced through formal verification and provable correctness. Cypherpunk emphasized that with the development of AI technology, vulnerability detection will be faster and wider, but the key is who can detect problems before malicious actors do, and Zcash demonstrates its ability to do so through upcoming updates. According to previous news, the privacy coin ZEC suffered a market sell-off due to exposure of security loopholes that could lead to unlimited additional issuance. The coin price once fell by more than 50% in a single day