Vitalik Buterin has donated to Shielded Labs, the core development team led by Zcash founder Zooko, to support the development of Crosslink. Crosslink aims to enhance Zcash's proof-of-work consensus by adding a parallel finality layer, which prevents chain reorganization and rollback attacks. This mechanism ensures that confirmed transactions are irrevocable, reducing double-spending risks and improving transaction settlement reliability.
Buterin praised Zcash as a trustworthy project committed to privacy, stating that the Crosslink project will enhance Zcash's security and reduce its security budget, supporting its long-term sustainability.
Vitalik Buterin Donates to Shielded Labs for Zcash's Crosslink Development
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