Zcash (ZEC) privacy features to arrive at Tezos (XTZ) with the new upgrade

Japanese cryptocurrency exchange set to delist Zcash (ZEC)

Tezos (XTZ) is preparing to receive a new big upgrade named Edo, according to a recent announcement published by the project’s developers. However, another thing that was revealed is that the upgrade will also bring several privacy features from Zcash (ZEC).

Tezos is preparing to add a new upgrade

The new announcement published by Metastate, Nomadic Labs, and Marigold, revealed a number of new improvements to the Tezos project. The release explained that, while no other major smart contract platform can support such functionalities, Tezos’ unique architecture allows for the addition of exciting new features.

The new upgrade was announced only a few weeks after Tezos received its previous upgrade, Delphi. which went live on November 12th, 2020. The developers said that they were hard at work, wishing to improve Tezos’ core software further.

These improvements will come in Edo.

What improvements can be expected in Edo?

According to what is known, one of the biggest features that will arrive with Edo is the integration of Sapling. This is a Zcash blockchain’s library, which will allow shielding transactions.

Next, Edo will also bring a ticket system, which is a smart contracts mechanism that allows portable permissions to other smart contracts. In addition, it can also be used for token issuance.

Of course, Tezos’ existing mechanisms can already allow something similar, although the new upgrade will make the process much easier.

Next, Tezos will receive the so-called ‘fifth period,’ which is basically a proposal to extend the upgrade period for new versions of Tezos’ protocol. As things are now, it only takes a single block (60 seconds) for the new versions to go live after the voting, which is not enough time for network participants to assure seamless upgrades of their nodes.With the fifth period, this time will be extended.

Lastly, Edo will also bring a few smaller bug fixes and improvements regarding gas prices and performance.

The post Zcash (ZEC) privacy features to arrive at Tezos (XTZ) with the new upgrade appeared first on Invezz.

Publication date: 
12/01/2020 - 10:54

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