Shaw, founder of ai16z, provided further details on X about the Pump.fun smart contract reverse-engineering plan, saying the goal is not to develop contracts with similar functionality, but to recreate a version that is byte-for-byte identical to the original, including the bugs and flaws in the original code. He called on developers to take part in the reverse-engineering effort with the help of AI tools and to contribute code continuously through GitHub.
Shaw pointed out that closed-source smart contracts hinder security audits, noting that losses from serious security vulnerabilities in closed-source contracts exceeded $40 million over the past year. He believes open-sourcing contracts will help developers and AI identify and report potential vulnerabilities.
In addition, Shaw plans to set aside tokens previously bought back using Meme coin fee revenue as bounty rewards for contributors taking part in the reverse-engineering effort.
Earlier, ai16z founder Shaw posted on X that 90% of the reverse engineering of all Pump.fun contracts had been completed, with the work expected to be finished tonight. He added, "Open-source everything, or it will be forcibly open-sourced."
Shaw pointed out that closed-source smart contracts hinder security audits, noting that losses from serious security vulnerabilities in closed-source contracts exceeded $40 million over the past year. He believes open-sourcing contracts will help developers and AI identify and report potential vulnerabilities.
In addition, Shaw plans to set aside tokens previously bought back using Meme coin fee revenue as bounty rewards for contributors taking part in the reverse-engineering effort.
Earlier, ai16z founder Shaw posted on X that 90% of the reverse engineering of all Pump.fun contracts had been completed, with the work expected to be finished tonight. He added, "Open-source everything, or it will be forcibly open-sourced."