Zcash to Implement Sapling Hardfork

Zcash team says that Sapling is a rebirth of the coin
29 October 2018   452

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.

Zcash Company to Get New Name

Now the company is called Electric Coin Company, but they will keep Zcash support and development
22 February 2019   296

One of the key companies in the Zcash anonymous cryptocurrency ecosystem, officially called the Zerocoin Electric Coin Company, LLC, but better known as the Zcash Company, announced its own renaming. This is reported in the companies blog.

The Zcash Company is now the Electric Coin Company. We’re changing the name for clarity. Our legal name has always been the Zerocoin Electric Coin Company, LLC, and we’ve been calling ourselves the ‘Zcash Company.’ But, the company isn’t “Zcash.” Zcash is the cryptocurrency we build and support, with the help of others in the community. 

Only the name has changed. We are the same team, with the same mission: to empower everyone with economic freedom and opportunity. We developed and help steward Zcash.

Josh Swihart 

Electric Coin Company

The company will keep the website at z.cash “for the community”, and will move to the new domain itself.

The developers have assured users that they will continue to pursue the development of Zcash. It is possible, however, that behind this decision there may be hidden reasons that the former Zcash Company chose not to disclose publicly. Ripple, for example, takes measures to distance its legal background from the XRP cryptocurrency it has issued. Zcash, in turn, is supported by American exchanges such as Gemini and Coinbase, which tend not to confront regulators.