Zcash Cofounder Reveals Silver Lining After AI Bug Crisis, Shares Fresh Update
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Zcash distributed more than $8 million in retroactive grants, and one disclosed recipient was Taylor Hornby, who received $1.5 million for work identifying protocol vulnerabilities. Zcash also plans multiple grant rounds each year.
Key claims & sources
What it means
Zcash users and the people involved in the protocol’s security work are affected by the grant distribution because more than $8 million was allocated, including $1.5 million to Taylor Hornby for identifying protocol vulnerabilities. That makes the payment visible to the security community around Zcash today, not just to the protocol itself.
In practice, Zcash continues to use retroactive grants and says it plans multiple grant rounds each year, so the funding process is not a one-off event. The added detail about Hornby’s payment shows that security work can be compensated after vulnerabilities are identified, while the broader grant structure remains in place.
Market reaction i
Zcash fell 1.1% in the 4 hours after the first headline, after rising 0.8% in the 2 hours before.
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