Zcash Roadmap 2018 unveiled

Learn about what Zcash team is going to do in 2018
11 December 2017   3215

Zcash team has published a roadmap for upgrades, which is planned to be implemented in 2018. In particular, the approximate release date of the Sapling protocol is indicated, which will draw a line under the current implementation of the Sprout protocol, after which the project will move to a new stage of development.

In addition, the developers reported on another, previously unannounced update called Overwinter - its release is scheduled for June 2018. The main task of Overwinter will make further updates more secure for users, even if the network is in conflict with the management system.

Additional details will be provided in the nearest future.

As for the key update of the Sapling network, it is scheduled for September next year.

Sapling will activate the Sapling protocol update, bringing orders of magnitude improvements in both time and memory to shielded transactions, making mobile wallet support feasible. Additionally, Sapling will rely on the Powers of Tau open-participation parameter setup, largely mitigating concerns about the parameter setup risks for zkSNARK applications (including other applications outside of Zcash).
 

Zooko Wilcox and Nathan Wilcox

Zcash Team 

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.

One of the main tasks of zk-SNARK is to provide complete encryption of transactions in the block system and protect related metadata. In other words, zk-SNARK can also be called a kind of mechanism by which you can prove the possession of information without disclosing the fact itself and without any interaction between the parties. Earlier it was reported that the developers also plan to use the technology Ethereum.

Also it is said that in the near future in the network of Zcash can be implemented and other updates, including the finalization of the system of smart contracts and consensus mechanisms.

An open community of scientists and engineers world-wide is already at work exploring what other improvements are technologically possible for Zcash and other such open cryptocurrencies. Possibilities include scalability improvements to allow practically unlimited numbers of transactions, novel consensus algorithms such as Proof-of-Stake, and private and scalable smart contracts. 
 

Zooko Wilcox and Nathan Wilcox

Zcash Team 

It is also worth noting that Zcash network was launched on 28th of October, 2017. 

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   403

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.