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CEO of the TRON Foundation Justin Sun revealed this week TRON (TRX) is currently exploring the adoption of the zk-SNARK technology made popular by private money Zcash (ZEC) – with plans to implement zero-knowledge evidence in the first quarter.
These ideas and others have been briefly discussed The Bad Crypto Podcast with Rachel Wolf at the start of this week.
Thank you @ Rachelwolf00 is @badcrypto for this fun interview. It was a pleasure to share some stories about how I entered #blockchain, what pushed me to create @Tronfoundationand how I think #ProjectAtlas will revolutionize the distribution of contents! $ TRX https://t.co/R0WT5EvOBC
– Justin Sun (@justinsuntron) November 29, 2018
"I think privacy is also important for the network, which is why I think that next year, Q1, we will adopt the zk-SNARKs in our network, so try to know zero in our network, that's how we can improve privacy of the entire network, "said Sun." The transaction can be untraceable, we offer a different solution and, depending on your preferences, you can choose a different one. "
The zero knowledge-proof technology eventually works to ensure the validity of transactions without revealing additional information about them.
Similar ideas have been expressed by Charlie Lee, the founder of litecoin (LTC), when he took on Twitter to reveal that he was considering adding privacy features to bring true fungibility to the popular altcoin.
In an effort to engage the community, Lee opened a poll on Twitter to see if the investors and users of Litecoin would like to see the privacy features added and, if so, what would be their preference in the underlying technology.
Eventually the community voted to adopt Confidential Transactions (CT) on zk-SNARKs / zk-STARKs. CT, originally conceived by the Bitcoin developer Gregory Maxwell, it would work from homomorphologically cryptography the inputs and outputs of Litecoin transactions using a blinding factor, which is a string of numbers that encrypts the identifiable information associated with the addresses.
The adoption of the privacy feature (if it should happen) in these large altcoins will probably change the composition of the private coin landscape, which can be monitored using the Index of the privacy coins of AltDex (ALTPRV).
Other: Bad Crypto Podcast with Justin Sun
Similar: TRON (TRX) announces a $ 100 million blockchain gaming fund
Disclaimer: the author of this article has participations in cryptocurrency that may be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct due diligence before making investments.
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