Zcash Counts Down To Heartwood Upgrade For Increased Privacy

Zcash counts down to do the latest Heartdwood upgrade that will bring more privacy and efficiency as we are reading more in the upcoming Zcash news.

The fourth major network upgrade named Heartwood will go live tomorrow, July 16, 2020, to enable more third-party integrations to bring more privacy and efficiency. Zcash counts down to the fourth major network upgrade at the block 903000 which will be mined on July 16, 2020, at 10:49 UTC. Endorsed by the Electric Coin Company and Zcash Foundation, the upgrade is in accordance with the Zcash trademark agreement which will enable more third-party integrations and privacy thorough shielded Coinbase.

With the Zcash improvement proposal, the 221 Flyclient will enable proofs of proof of work for light clients and will improve many cross-chain protocols. The ZIP protocol specifies modifications that are made of the network’s block header format to Markel Mountain Range commitments. The other ZIP 213 is a shielded Coinbase that defines motivations to the Zcash Consensus rules to enable the Coinbase funds to be mined to shielded addresses:

 “It does not disable the use of transparent addresses in coinbase transactions.”

Shielded transactions require more memory and CPU resources to create as such right before the Sapling upgrade once the shielded Coinbase was not feasible. With the deploying architectural changes and performance improvements with the Sapling network upgrade by shielding funds directly in the coinbase transactions which were made possible, as per the website:

 “Shielded coinbase is an important milestone for Zcash network privacy and the overall size of our anonymity set. We anticipate that ZIP 213 will drive more demand for shielded support across the ecosystem.
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The likes of Binance, Bittrex, Coinbase, Poloniex, and Gemini and other exchanges are supporting the upgrade with the Trezos and Exodus wallets and mining pools including the Pooling and F2Pool. Zcash is one of the REKT digital assets which is down by 99% from its all-time high of $5,940, while it gained 110%, spiking more than 23% since last week as many altcoins rallied hard. ZEC is trading around $60 down 3.80% just like the rest of the market.

Electric Coin Company aligned with ConsenSys and IOHK US were criticized mainly for receiving a huge amount from PPP loans. The data regarding the US government’s Paycheck Protection Program which released a few days back including other companies on the market that received the same loan amount.