ZCash “Overwinter” sets the Base for Further Developments

The first hard-fork of the privacy-centric protocol Zcash will be held on June 26, 2018: the upgrade is named “Overwinter” and takes place at block 347,500
25 June 2018   1649

As declared in Zcash Foundation`s post on the development, the hard fork is to strenghthen the protocol for additional upgrades to the network, for instance replay protection, versioning, a transactional expiry feature, and as yet undetermined changes.The customers will be demanded to install the upgrade after the software is carried out.

The protocol assists for seamless network updates in the future, such as the much-awaited Sapling protocol designed to raise network scalability and speed. Zcash claims the forthcoming update is well-gained by significant third parties like Binance, Gemini and BitFinex, who will “substantially support” Overwinter.  The foundation is also continually reviewing the list of third parties as the entities confirm their involvement.

Theoretically, the network risks a blockchain split if any members of the community disregard the need to update the system and keep on with the old versions of Zcash. While Overwinter is low on features, it is important to the broader network strategy as further capabilities depend on the Overwinter update. 

It`s worth to note that the friction is already happening in some places. On June 20, 2018, D. Jane Mercer, the developer of the ZCash Windows wallet, WinZEC, threatened to stop all coding activities as the network the Zcash Foundation failed to fund his work. The community members nevertheless promptly donated funds to his wallet address.

For miners running Zcash nodes, the official software has been updated to automatically update to the latest software after block 347,500 is mined. However, if automatic updates are disabled, miners stand to can miss the new code. Zcash Foundation asks the users to abstain from using their wallets at least an hour before the scheduled update.

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   564

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.