News linked to both this project and an event.
Voting results for the Zcash Q3 Token Holder Targeted Retroactive Funding Program indicate that both bounty proposals for Taylor Hornby, discoverer of the Orchard counterfeit coin vulnerability, have been approved. The awards include a $750,000 vulnerability bounty requested by himself, along with an additional $750,000 bonus nominated by community members, totaling $1.5 million. In accordance with regulations, recipients are required to complete subsequent steps including identity verification (KYC) and fund disbursement.
Paradigm co-founder Matt Huang posted on the X platform outlining some views on Zcash. He stated that blockchain ecosystems generally face the challenge of long-term funding sources, especially for public goods financing, and that funding developer funds through an inflation mechanism is a viable approach. He believes that amid the backdrop of AI-enhanced cyberattack capabilities and the rapid development of quantum technology, the Zcash developer fund remains highly significant.Matt Huang also stated that as Zcash gains greater acceptance and adoption as a privacy supplement to Bitcoin, governance relying purely on coin-holder voting may introduce unpredictability and affect its ability to build long-term trust as a monetary asset. Therefore, Zcash is better suited to combining coin-holder voting with other governance approaches. Matt Huang also disclosed that Paradigm is an investor in ZEC and ZODL.In the early hours of today, ZEC briefly broke above $1,385, setting a new all-time high.