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Users of TRON may soon have enhanced privacy features during the TRX token transaction. During a recent interview with The Bad Crypto Podcast Just a few days ago, Justin Sun talked about how the platform will implement more privacy features. The main intention is to use ZCash's zk-SNARKs encryption.
TRON improves its privacy
There are some virtual currencies in the market that offer more privacy to users. These coins are Bitcoin Private (BTCP), ZCash (ZEC) or Monero (XMR), among others. However, TRON could implement zk-SNARTKs as soon as the first quarter of 2019. If this becomes true, users who translate TRX tokens will have better privacy and anonymity.
Justin Sun, the founder of the TRON Foundation, has also discussed other developments and additions to the TRON blockchain. He talked about BitTorrent and the impact it will have in the industry.
Justin Sun explained that various websites and search engines are monetizing user data. This is something that is affecting user privacy on many different levels.
"[People] I do not want their privacy to be stored by Facebook or Google because these people can more easily manipulate data so they can send you announcements. You do not want to share those dates with them. That's why I think decentralized mode becomes a good way to do it and limits the amount of data you need to share]", Explained Justin Sun.
With the implementation of zk-SNARK in the TRON network, the virtual currency and the entire blockchain will be much more private than before.
By the way, Sun commented:
"In the future, if you want these private transactions and a private address, we can be sure … they can not see you and the transaction can be untraceable."
zk-SNARKs are also known as zero-knowledge tests. This technology is already used in many different projects in the cryptocurrency market. With these implementations, you can protect transactions and encrypt TRX amounts.
The bitcoin register is not private and it is possible to deduce the ownership of the portfolio simply by analyzing the received and sent transactions. This is how the different regulatory agencies are able to determine the identity of people who use virtual currencies for illegal purposes.
Sun explained that not all TRX transactions will be private. In fact, he said that they will allow users to decide whether they want to process a private transaction or not. However, according to ZCash development documents, if there are not many users using zk-SNARKs, it is possible to deduce specific transactions.
to know more
Want to know more about TRON? Read how Tron's transactions have surpassed other important currencies in our in-depth article. You can also read how the price of Tron has been boosted at the start of this year with the voice of a great partnership.
Are you interested in investing in Tron? You'll want to start with ours Tron price forecasting article as well as our analyst read about the TRX trading in ours Tron Technical analysis.
The best place to buy or trade for TRX is active Binance. After, you can use the great features of TronWallet to keep your TRX.
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