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Zcash Hard Fork Opens User Data, Team Is Working on Patch

Mon, 10/29/2018 - 11:46
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Yuri Molchan
News of the coming hard hard fork pushed Zcash upwards last week
Zcash Hard Fork Opens User Data, Team Is Working on Patch
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On Monday, the Zcash platform upgraded to the Sapling protocol. The update will enable users to carry out protected operations and will increase the system’s capacity.

The updated network will also decrease the time necessary for transaction processing by 90 percent and also will require less computer memory for making encrypted transactions.

Right after Sapling was activated, users of the zcashd client got access to the new type of addresses. Currently, transactions from old addresses to new ones can be done only with the disclosure of the amount to be sent. The Zcash team is working on protecting the user data privacy while transacting their funds.

Two weeks ago, Zcash jumped 16 percent on the announcement of the coming hardfork.

At the time of writing, the coin is trading at $121.76 after a small rise.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.