Justin Sun: zk-SNARKs on demo Tron network is imminent

Blockchain network Tron is getting serious about privacy.

- Advertisement -

The public blockchain is set to start trialling new privacy features called zk-SNARKs on a demo version of its mainnet in the next few days, Tron CEO Justin Sun told Decrypt in an interview.

Further down the line, the features will be introduced to the Tron testnet, and following that, will go live on the official mainnet, he said.

The new privacy features are a type of zero-knowledge proof called zk-SNARKs. They allow for transactions to be made that don’t reveal the transaction information to the network. However, this necessarily results in a less-transparent blockchain and iterations of zk-SNARKs on other blockchains have led to inflation bugs that are hard to detect.

These features will initially by available internally at Tron, but they will be publicly available to developers next week.

Said Sun: “zk-SNARKs are extremely important because they provide a new way for everyone to start using Tron with privacy protection. This is critical to lots of the crypto adopters in the industry.”

Unlike Monero, which has private transactions by default, Sun said these new privacy features will be optional on Tron. This is similar to zCash, which is one of the main proponents of zk-SNARKs.

- Advertisement -

Source

Previous Articles:

- Advertisement -

Latest News

Maine Attorney General Recovers Thousands in Crypto Scam Case

The Maine Attorney General's Office has recovered thousands of dollars for a victim of...

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

Must Read

9 DePIN Programs For Passive Income

Here’s something most people don’t realize: your smartphone and PC can generate passive income with almost no effort.I’m not talking about clicking ads for...