Zcash 1.1.1 to be Release

New update initially support for Sapling consensus rules 
31 May 2018   749

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.

Zcash to Implement Sapling Hardfork

Zcash team says that Sapling is a rebirth of the coin
29 October 2018   314

In the main Zcash network, the Sapling protocol was activated, which is necessary to perform secure transactions and increase blockchain performance.

The update is activated at block 419200. It, in particular, will reduce the time for processing transactions up to 90%, as well as significantly reduce the requirements for the amount of memory required to perform secure transactions. Sapling activation will also make it possible to use lightweight clients for secure transactions, and not just full nodes.

Immediately after activating Sapling, users of the zcashd client have access to addresses of a new type. Currently, funds cannot be transferred from protected old addresses to new ones without disclosing the amount of the transaction. This makes it possible to audit the monetary base of ZEC relating to protected addresses. The Zcash team is currently working on creating a tool to automate the movement of funds without compromising user privacy.

The Zcash blog also says that Sapling activation is essentially a “rebirth of cryptocurrency” because it takes the project a step closer to mass adoption as an open and confidential payment system.