Successful activation of hard forks on the Zcash network giving even more anonymity

The planned update of the blockchain anonymous cryptocurrency Zcash was successfully activated on October 28. About this cryptocurrency developers wrote in his blog.

Sapling was activated at block 419200. The update includes a new type of protected addresses, which allows you to significantly improve the performance of the entire system: the transaction creation time will be reduced by 90%, and the amount of memory used will be more than 97%.

"Sapling activation, which occurred at the historical moment of the second anniversary of cryptocurrency, takes us a step closer to the widespread open, census-resistant and private payment system ," the report said.

Immediately after activation, the users of the ZcasHD client now have access to addresses of a new type. Currently, users cannot transfer their assets from protected addresses of the old type to new Sapling addresses without disclosing the transaction amount. This opens up opportunities for auditing transactions in the ZEC blockchain.

Developers are working to create a tool that will automate the process of moving funds with the least damage to the privacy of users. They also recommend waiting for the release of the tool if users can afford it.

In addition, the main developer of Zcash Zuko Wilcox announced changes in the structure of mining cryptocurrency, which "will not be made in the near future and will be announced in advance."

It is expected that the update will be activated in the autumn of next year. It will allow “to preserve and improve the security and stability of the network”, protect it from attacks by 51%, and also expand the number of users who can earn ZEC by mining .

“We will work on and publish more details soon. We are now focused on the secure and stable launch of Sapling – the largest update in Zcash history , ”Wilcox writes.

“I just wanted to notify everyone that we are not going to leave mining as it is, throughout the entire 2019 year. We intend to make changes to the mining and begin to implement them towards the end of next year. "