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Zcash of Paige Peterson announced in a blog post that from the new Sapling update more and more services use secure addresses. And they hope that with this latest update people prefer to use private or screened addresses. According to Peterson's statement in the post, Zcash believes that this is only the beginning of Zcash's mission to a shielded ecosystem.
According to blog post, mining pools and many other services have started to support secure customer payment addresses. In addition, the number of third-party desktop portfolios that support secure addresses also increases. Peterson also believes that screened client light address support promotes even greater adoption.
Interestingly, most of the Zcash transactions have been publicly visible in the last thirty days. According to Blockspur, a well-known service that is used to track information on the Zcash Classic and Zcash network, no significant increases in secure transaction activity have been mentioned.
However, shielded addresses are not similar as transparent addresses, in which anyone can observe the activity. And in private digital currencies, data relating to the specifics of a transaction are not readily available to the public, as opposed to bitcoins and another first-generation encryption that allowed anyone to see the products of a currency in an unlimited style.
Promotion of cryptographers responsible for expanded adoption
Paige Peterson wrote in the post that the extension of the adoption of protected addresses is due to the underlying promotion of cryptographers. He said they implemented and developed many changes to the zero knowledge testing mechanism in Sapling.
He also added that the years of cryptographic research and design work have developed these improvements that are developed on existing schemes and invent new ones.
Despite the new update, the overall network activity in Zcash is very low when compared to other digital currencies. Monero has an average of 5,000 transactions a day and Litecoin currently has more than 20,000 transactions a day. However, Ripples transactions have declined, but the lowest point is tens of thousands of transactions per day.
Also, note that the volume of transactions is one of the important indicators that show the growth of a blockchain network.
Previously, in December, the San Francisco encrypted exchange, Coinbase announced that he is extending his support for Zcash to coinbase.com and in the iOS and Android apps. However, Coinbase customers can now sell, buy, store or receive ZEC.
