Zcash (ZEC) says ‘Halo Arc’ protocol will be launched in October 2021

Japanese cryptocurrency exchange set to delist Zcash (ZEC)

Developers of the Electric Coin Company (ECC) have announced updates about the upcoming launch of the Halo arc protocol. The launch schedule is billed for October 1, according to the announcement.

“The planned release of Halo Arc is Oct. 1, 2021*, to coincide with the activation of Network Upgrade 5 (NU5)’ the announcement reads.

Halo Arc will be leveraging two upcoming Zcash (ZEC) improvements: unified address and Network Upgrade 5 (NU5).

Introducing a future-proof address format

The NU5 is billed to take Zcash to the Halo proving system, which will represent the evolution of the zk-SNARK technology stack. The new protocol has eliminated the extra burden of setting up and upgrading the underlying cryptography.

On the other hand, Unified Addresses introduces a future-proof address format that ensures shielded adoption, according to Zcash.

The company stated that it will provide more details about the unified address, including how it works and how it will support Zcash users.

The product suits the Halo Arc includes Zcash Consensus Node (called Zcashd), a development kit (SDK), and a prototype ECC wallet.

The wallet will enable users to carry out anonymous transactions by default, and users are allowed to use the new features the way they want.

The update will be compatible with all Zcash pools

Halo Arc was initially billed to launch in the summer. But, the developer decided against the date ad shifted it to October when to coincide with the activation of the Zcash Network Upgrade (NUS).

The update will introduce the unified addresses which will be compatible with all Zcash pools, including anonymous and public.

Once it goes live, users are not necessarily required to “balance” between different types of addresses.

Presently, new address formats are required for protocol upgrades, but this will no longer be the case when Zcash is launched.

The post Zcash (ZEC) says ‘Halo Arc’ protocol will be launched in October 2021 appeared first on Invezz.

Publication date: 
04/13/2021 - 14:57

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