Zcash 1.1.1 to be Release

New update initially support for Sapling consensus rules 
31 May 2018   1605

The development team of Zcash introduced a new version of the software (1.1.1), containing some elements of the upcoming network update called Sapling. This is reported in the company's blog.

Before the Sapling upgrade scheduled for September of this year, on June 25, at block 347500, the Zcash protocol, called Overwinter, will be upgraded. The latter includes version control, replaying transactions protection for future upgrades, and an overall improvement in the "health" of transparent transactions. A completely new function of Overwinter is the expiration of transactions.

Sapling will support the configuration of the Powers of Tau parameters, which should significantly reduce the likelihood of problems and risks when installing applications using zkSNARK technology. Also, new important functions will be introduced, including the ability to issue custom tokens based on the Zcash blockchain. Also, Sapling will reduce the transaction confirmation time from 37 to 7 seconds, and the required amount of memory - from 3 GB to 40 MB. The original version of the software is called Sprout.

Zcash 1.1.1 involves updating the primary consensus rules needed to prepare for the launch of the Sapling test network.

Messari to Issue "Crypto Theses for 2020"

According to the report of the analytical startup, Binance and Twitter CEOs Zhao and Dorsey are the top "people to watch" next year
18 December 2019   497

The analytical startup Messari presented a rating of persons and trends that will predetermine the further development of the cryptocurrency market.

Binance Exchange CEO Changpen Zhao is on the first place among people. Researchers responded to the active development of the site and the huge influence of Zhao himself on the opinion of the crypto community.

Second place went to Twitter co-founder Jack Dorsey, who opened a cryptocurrency branch in his payment company Square and promoting the ideas of bitcoin to the masses.

Researchers awarded third place to lawyer Brian Klein, who is currently running the case of Ethereum developer Virgil Griffith, accused of violating US sanctions laws. According to them, in the next decade, the cryptocurrency industry will face many lawsuits.

In fourth place was the director of strategic development of CoinShares investment company Meltem Demirors, who used the term “shtcoin” at the Libra vs. USA congress.

Fifth place went to US Congressman Brad Sherman, who, according to Messari, poses a threat to cryptocurrencies, calling them a tool of terrorists and tax evaders.

Morgan Beller, co-founder of the Libra project from Facebook, took the sixth line of the rating.

MakerDAO Foundation CEO Rune Christensen, who influenced the DeFi ecosystem and managed to solve several critical problems in his own project, is in seventh place.

On the eighth line is Zcash founder Zooko Wilcox, who continues to contribute to maintaining confidentiality in the cryptocurrency market.

The ninth place is held by the founder of TRON, Justin Sun, thanks to the successful acquisition of BitTorrent, Poloniex and Steemit, as well as a scandalous dinner with Warren Buffett.

On the tenth, host of the popular Bitcoin podcast, Peter McCormack. Researchers noted his significant contribution to the popularization of cryptocurrencies and the educational content of his programs.