Have you created a ShazzleMail account on your smartphone? This is a required first step.

Yes No

Free Encrypted Email

725_ly9jb2ludgvszwdyyxbolmnvbs9zdg9yywdll3vwbg9hzhmvdmlldy85mteyztm1mzvin2fiogeymzrlmta3ndyxowzlmtu1ms5wbmc

Privacy Altcoin Zcash Announces First Network Update, ‘Not Expected’ To Be A Fork

March 5, 2018

Privacy-oriented cryptocurrency Zcash announced the release of their first network upgrade, Zcash Overwinter, in a blog post on March, 2.

The blog post says that Overwinter, the “software-updates-required” update, will be supported as early as April 2018, on version 1.1.0 of zcashd. The Overwinter main chain update launch is set for June 25, 2018. Overwinter will allow the team to carry out the first upgrade of the core Zcash protocol Sapling, which is expected to go live in September 2018, according to Zcash’s Roadmap Report.

“The purpose of Overwinter is to strengthen the protocol for future network upgrades, paving the way for the Zcash Sapling network upgrade later this year,” the coin’s developers stated in their blog post.

The team reports that the Overwinter software will include the new features like transaction expiry, version control, replay transaction protection for network upgrades, and general improvements for transactions transparency.

Zcash developers explain that the only thing users need to do to be part of the network upgrade is keep their software updated, clarifying:

“There is no need to do anything else besides keep your Zcash software up to date. This network update is not expected to result in a fork of the blockchain or the creation of a new currency,”

Launched on Oct. 28, 2016, the altcoin Zcash (ZEC) allows its users to make anonymous transactions via a “zero-knowledge” cryptography method called zk-SNARKs. ZEC is trading around $394 and ranked in 24th place amongst CoinMarketCap’s top 100 cryptocurrencies, with a market cap of $1.3 bln at press time.

Earlier in February 2018, Cointelegraph reported that crypto fund Grayscale Investments released a report predicting that the price of ZEC could reach over $62,000 by 2025, if the coin represents 10 percent of all offshore wealth by that point.

Tags:

Introducing ShazzleMail Email and How it Works

Privacy is your Fundamental Human Right.

Our Daily Blog
android-png-cf
Tech Giant Intel Partners With DApp Platform Enigma on Privacy Research
June 21, 2018

Decentralized application (DApp) platform Enigma will partner with Intel on privacy research as it p...

Read more
emailtracking-ta
Apple’s App Store Privacy Crackdown May Hurt Facebook’s Onavo
June 15, 2018

Apple Inc.’s new rules for app developers limit their ability to harvest user contact data, but th...

Read more
hacker-coder-developer-software-programmer-alphanumeric-matrix
Facebook Gave Device Makers Deep Access to Data on Users and Friends
June 5, 2018

As Facebook sought to become the world’s dominant social media service, it struck agreements allow...

Read more
ethereum-11-796x431
Startup Behind Zk-Starks Tech to Seek Cryptocurrencies as Customers
May 26, 2018

A breakthrough blockchain privacy solution forged at the Technion in Israel is taking its first step...

Read more
gchq-hacking-news
How the internet tricks you out of privacy using ‘dark patterns’ of design
April 30, 2018

The padlock is the internet's talisman of privacy and safety. It's in the corner of your browser ...

Read more