Zcash's Hardfork Overwinter Implemented

Additionally to hardfork implementation, team had unveiled the roadmap proposal
27 June 2018   1156

Zcash reported the successful activation of Overwinter - the software needed for the future major upgrade called Sapling.

The Overwinter upgrade was activated on June 26, at 00:42 UTC on the 347,500 block. The new software, first of all, opens the way for one more important update of Zcash called Sapling, activation of which is expected in September of this year.

Overwinter includes version control, protection from replaying transactions for future upgrades, an overall improvement in the health of transparent transactions, and other new features.

While it is unclear the exact number of nodes that supported the update of Overwinter. However, previously the developer of Zcash, Simon Liu, told CoinDesk about "unanimous support" by all network members. So, on the website of the project, it was said that 12 crypto-exchange exchanges, as well as various mining pools, claimed about the support of Overwinter.

Also, Zcash team provided the roadmap proposal. Zcash roadmap keynotes:

  • Reference User Wallet
  • Privacy Adoption
  • Protocol Research and Development
  • Ongoing Business Development and Marketing
  • Ongoing Maintenance and Support
  • Decentralization Support

ZCash Devs to Create ZEC For ETH Blockchain

ECC, creators of Zcash, believes this may expend their token's popularity and give more people an ability to try Zcash's benefits
14 October 2019   53

The developer of the ZCash cryptocurrency company Electric Coin Company (ECC) will issue a “boxed” ZEC token for the Ethereum blockchain. This was announced at the Ethereum Devcon5 Developer Conference by ECC Vice President of Marketing and Business Development Josh Swihart, CoinDesk reports.

According to him, a new token will be issued in the next six months. It is expected that it will provide enhanced functionality for the use of automated loans and financial products.

Subsequently, the new version of ZEC will be able to help ensure confidentiality in smart contracts to hide information about its members.

One of the most likely reasons for the integration of ZCash and Ethereum is ECC's attempt to expand the audience of users focused on the confidentiality of the coin through the market for decentralized financial instruments.

According to DeFi Pulse, Ethereum-based digital assets worth more than $ 553 million are blocked in DeFi applications. At the same time, ZCash’s popularity has not increased over the past year.

Swihart said the goal is now to turn zcash into a platform developers can build on “for all of the DeFi applications” .

If you want to do lending, if you want to do DAOs [decentralized autonomous organizations], all of that stuff could be done with zcash as well. … Ultimately, we want zcash shielded [addresses] to be usable in ethereum smart contracts.

Josh Swihart

Vice President of Marketing and Business Development, ECC

Nevertheless, ensuring cross-chain compatibility can only be a temporary solution, as it is unclear how this will work in Ethereum 2.0. In addition, such plans mean years of research and development, said James Prestwich, co-founder of Summa.