Zcash Developer Threatened with Hardfork

As reported, Maintainer of the Windows zcash wallet software, D. Jane Mercer, was going to cease development of the clients
22 June 2018   38927

One of the developers of software for Windows-wallet of ZCash threatened to implement the hardfork of this crypto, if he will not be compensated. This is reported by CoinDesk.

According to Jane Mercer, last year he worked on a voluntary basis and lived for donations, and sometimes he had to work for free. After he ran out of funds, he decided to resort to threats to end his activities and "split" the network.

The Zcash community did not ignore this incident, and for a short period, Mercer's wallet received several anonymous transactions amounting to 80 ZEC (about $ 15,000). According to the developer, with threats he wanted to express his disappointment.

As reported, if Mercer stopped developing software for the ZCash wallet, which is installed in tens or even hundreds of thousands of users, customers couldn't use it after the upcoming network updates.

I finally got one of the Zcash Foundation board members on the phone, and he managed to talk me back from the ledge from chain fork threats and fun things like that. I'm all calmed down, everything is happy now, I hate altcoin drama and it's the only time I have stirred it up deliberately in my life.

Jane Mercer

Developer, Zcash Foundation

Overwinter update for Zcash is planned for 25th of June.

Zcash to Implement Sapling Hardfork

Zcash team says that Sapling is a rebirth of the coin
29 October 2018   134

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.