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βA purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.β
Contained within that:
β’ Self-custody
β’ Permissionless access
β’ Trustless verification
β’ Immutable
Zcash has unparalleled cryptographers, security engineers, and security researchers. And the community is heavily focused on continuous improvement and hardening the network. That's why it engages world class security researchers to look for bugs. And that's why the recent potential exploit was found. It wasn't by accident and it's a vote of confidence, not a cause for alarm. When it comes to any L1, there will be bugs. What's important is that there are world class researchers focused on hardening the network and staying ahead of the bad guys. This has always been and always will be the dynamic of building software that is secure. Onward.