Sapling Privacy Update Now Live on Zcash
Zcash’s Sapling update is now live. The upgrade exponentially increases the privacy and efficiency of ZEC transactions, further improving the top privacy options in the cryptoverse.
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Sapling Transactions Now Live
— mine Zcash ᙇ🔩 (@mineZcash) October 29, 2018
As Zcash team member Elise Hadmon further explained in the activation’s announcement:
“Sapling introduces new shielded addresses with significantly improved performance: a time reduction of 90% for constructing transactions, and a memory reduction of over 97%. Sapling activation, occurring on the momentous occasion of the currency’s second birthday, brings us one step closer to widespread adoption of an open, permissionless and private payment system.
Users around the Zcash ecosystem have begun reporting on the Sapling-based boosts. For their part, the Boston Zcash Users group noted earlier on Twitter that ZEC transactions were now “2 to 3 seconds” long.
We've been sending multiple private, shielded #Sapling transactions with execution times of 2 to 3 seconds from our bar in Boston! 🛡
— Boston Zcash Users 🦓 (@BostonZcash) October 29, 2018
Before Sapling, ZEC’s last major upgrade was Overwinter.
Other Top Privacy Coin Takes a Leap Forward, Too
As it stands, Zcash and Monero are conventionally regarded as the two top privacy coin projects in the cryptocurrency ecosystem, and both projects have notably taken undertaken impressive privacy upgrades this month.
On October 18th, Monero’s developers activated Bulletproofs on their privacy coin, an upgrade based on zero-knowledge proofs that has plummeted XMR fees by making transactions on the coin’s blockchain more than 80 percent smaller than they were hitherto.
— LocalMonero (@LocalMoneroCo) October 18, 2018
With that said, both the space’s top privacy plays have seen their unique selling positions — fungibility and privacy — freshly emboldened.
What’s your take? Do you think Sapling will seriously boost Zcash’s profile? Let us know in the comments section below.
Images via Pixabay