Wed Sep 12 , 2018 at 21:30:00 UTC
On 11th September, Zcash, a privacy-focused blockchain company, on their official Twitter handle, tweeted the development updates on the upcoming Sapling network upgrade.
The announcement read:
“The upcoming Sapling network upgrade includes a new kind of shielded address and a turnstile migration for auditing the shielded monetary supply. Read more about that in our newest blog, “Sapling Addresses & Turnstile Migration.”
The team stated that they have targeted the launch of Sapling Network upgrade on 28th October this year.
The blog is the first in the short series of blogs describing the features of ‘Sapling’ to enhance understanding and clear doubts.
The team said, with the migration to the Sapling network, there will be a new type of shielded address to support the “improved efficiency of Zcash’s cryptography”.
In contrast to the existing long shielded address that requires 1.5 gigabytes of computer memory and 40 seconds to create a transaction, the sapling shielded addresses are shorter in length, saving time and memory, it stated.
The Sapling shielded address will take only a few seconds and 40 megabytes of computer memory, reducing time utilization by 90% and memory utilization by over 97%, it further explained.
Regarding the migration from Sprout, the team stated that Sapling will support Sprout shielded addresses, however, it recommends users to migrate funds to Sapling address to be at par with the ecosystem.
In addition to moving funds, the migration will behave like a ‘monetary auditing system’.
The company believes that preserving the scarcity of ZEC will act as a driving force for a long-term value sustainability. They said:
“Zcash engineers have gone through great lengths to protect the network from any deviation in the expected ZEC in circulation. “
In order to audit the existing shielded ZEC, the company stated that it has implemented a process termed as ‘Sapling turnstile.’
In its Sapling Turnstile documentation, the team describes in detail the working of the sapling turnstile.
The blog also informs that users will be required to send funds [ZEC] in Sprout shielded addresses to transparent addresses before transferring it to Sapling shielded addresses. The team has made direct transfers impossible.
The safety while de-shielding ZEC to transparent address raised concerns with many. The team assured that the ZEC is de-shielded only to unused transparent addresses which will not be used the second time. The team also stated that it will be possible to send ZEC back to Sprout shielded addresses from the transparent addresses.
The post Zcash [ZEC] developers provide an insight on the Sapling network upgrade appeared first on AMBCrypto.
Source From ambcrypto.com
1 bitcoin = 0 USD
1 USD = Infinity bitcoin