Zcash's Hardfork Overwinter Implemented

Additionally to hardfork implementation, team had unveiled the roadmap proposal
27 June 2018   837

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

BOLT Labs to Raise $1.5M

BOLT Labs is a developer of ZCash off-chain solutions and raised funds to develop privacy-oriented solutions in second-layer protocols
18 April 2019   362

Startup BOLT Labs successfully closed a seed round of financing led by Dekrypt Capital and raised $ 1.5 million to develop privacy-oriented solutions in second-layer protocols like the Lightning Network.

The venture unit of Ripple (Xpring), Zcash Foundation, Lemniscap, Access Ventures, Kilowatt Capital and business angel Branson Bollinger also took part in the round.

Computer Science Ph. D. Ayo Akinele, the founder of BOLT Labs, intends to use the tools to create a fast, private and secure network of payment channels. As planned by Akiniele, the new protocol will be scalable and compatible with any cryptocurrency networks and solutions of the second layer.

For the first time, the BOLT technology was presented in a document published in 2016 by Matthew Green and Ian Myers, the founders of the Electric Coin Company. The main task was to create a scalable solution of the second layer, in which the complete privacy of users is activated by default.

Note, the concept of the future product BOLT Labs for the network ZCash should appear in the summer of 2019.