In an interview, Justin Sun, the Founder and CEO of TRON, discusses how the platform will implement Zcash's zk-SNARKs cryptography in Q1 of 2019.
Such a move would bring users greater anonymity and privacy.
Justin Sun spoke about a host of different developments within the TRON ecosystem: delegated proof-of-stake governance, integrations with BitTorrent, the blockchain's impact on the industry, and most notably, its planned implementation of zk-SNARKs.
"[People] don't want their privacy stored by Facebook or Google because those people can more easily manipulate the data so they can push ads to you.
"Q1 we will implement zk-SNARKs into our network. This is how we can improve privacy in the whole network. In the future, if you want these privacy transactions and a private address, we can make sure they cannot see you and the transaction can be untraceable."
First widely popularized by privacy coin Zcash, zero-knowledge proofs are now used in a host of different cryptocurrency projects.
Once implemented, users would be able to 'shield' transactions-effectively encrypting those transactions.
If implemented correctly, such encryption would allow TRX users to hide the amount, the sender, and the recipient of a transaction.
According to the Zcash development documents, for zk-SNARKs to be fully effective, it requires that a large percentage of users actively choose to shield their transactions.
To implement the new cryptography scheme, it appears that the TRON Foundation has forked the Zcash code base, and it is possible that the Foundation intends to implement the zk-SNARKs portion of that code base.
TRON Ramping Up Privacy, Adopting zk-SNARKs from Zcash
gepubliceerd op Dec 1, 2018
by Cryptoslate | gepubliceerd op Coinage
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