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.
Success! We’re happy to announce that the #Zcash Sapling network upgrade activated today at block height 419200. #Sapling introduces new #shielded addresses with significantly improved performance. Learn more: https://t.co/IGoqNdlz3N pic.twitter.com/6VpKcMteCa
— Zcash Company (@zcashco) October 29, 2018
Tomiwabold Olajide
Godfrey Benjamin