Zcash update. What’s new in the coin?
We haven’t thought about the wonderful Zcash cryptocurrency for a long time. And it’s worth noting that the coin has rarely made headlines in recent years. The reason is that the developers were preparing a major update, which took a long time to check. Another introduction of innovations took place quite recently, so if you have not yet had time to figure out all the innovations on your own, read carefully. The material will be useful even for those who actively use Zcash, but could have missed some unobvious nuance. So let’s get started.
First of all, it doesn’t hurt to discuss past updates. Understanding the intricacies of the development of the coin until now will allow you to better understand the importance of current technologies. Note that Zcash, despite its immense popularity, has been on the market quite recently. The coin entered the industry only in 2016, but has already managed to impress a huge number of users. The first hard fork also took place relatively recently, in mid-2018, that is, about 2 years ago. Then the developers focused on improving the scalability of the system, eliminated the possibility of duplicate translations and other popular problems. The resolved issues would have prevented the system from fully evolving, so an update called Overwinter was fundamental to the Zcash we see today.
Then came the Sapling hard fork. The gap between the previous system update and this one was only a few months. Sapling was released in October 2018. The work was built around speeding up transactions, reducing system requirements and implementing secure money transfers. Thanks to Sapling, each user has the opportunity to independently transfer money according to the chosen standard of anonymity. The project was developing towards an open, completely legal, but private platform. The company moved in this direction during the Blossom update. The latter took place on December 11 of last year and allowed Zcash to greatly optimize its own performance and equipment load. It is now much easier to find blocks, and the redesigned principles of the system’s operation ensured stable system security against various digital attacks. Now it is almost impossible to stop Zcash using DOS or DDOS attacks.
Latest Zcash update
Consider what the developers have brought to the new cryptocurrency system update. The name of the hard fork – Heartwood, in fact, perfectly reflects the improvement of the basic algorithms of the project. Transfers with intermediaries are now possible. Which is necessary for some commercial entities. In addition, a fundamentally new feature has been added – internal wallets. You can send the mined currency to them. Digital vaults are located separately from the main Zcash and are equipped with advanced security standards that are almost impossible to bypass. However, regular transfers to third-party credentials are still possible. And will still be reflected in the overall blockchain.
Again, the load on the equipment involved in the production of new digital units has been reduced. An undoubtedly useful update has already entered into force. All that is needed to start using it is to update the blockchain coins. You can download the latest version of the protocol on the official website of the company.
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