Tron’s [TRX] Justin Sun confirms imminent launch of new privacy features called zk-SNARKs

2019-5-17 14:30

Tron is ready to upgrade the security measures on its demo network. The blockchain-based protocol is set to launch its latest privacy feature called zk-SNARKs. This will soon be integrated onto the Tron mainnet.

The announcement was made by Tron’s Founder Justin Sun. Soon after the announcement, the news spread like wildfire, with Sun disclosing details about the launch and promising that the feature would make Tron more secure. It is going to utilize the zero-knowledge proof method wherein users will be able to carry out transactions without having to reveal any information about the same to the entire network. In terms of cryptography, the zero-knowledge proof lets the prover manifest the verifier regarding the information, without the need to share background details.

Justin Sun commented,

“zk-SNARKs are extremely important because they provide a new way for everyone to start using Tron with privacy protection. This is critical to lots of the crypto adopters in the industry.”

Tron is a user-centric platform and an additional security feature would help users explore more secure options for transactions, allowing them to proceed with transactions effectively and efficiently.

This method is entirely contrary to the actual working of the cryptocurrency world. The new addition to the Tron network would be initiated internally and be available to developers next week.

Sun further added,

“zk-SNARKs are extremely important because they provide a new way for everyone to start using Tron with privacy protection. This is critical to lots of the crypto adopters in the industry.”

Tron’s latest security feature is similar to that of Zcash, a privacy-centric coin. Monero is already working on similar privacy features linked to transactions, but Tron is going to empower its users by keeping the privacy option open at the user’s discretion.

The post Tron’s [TRX] Justin Sun confirms imminent launch of new privacy features called zk-SNARKs appeared first on AMBCrypto.

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tron sun called zk-snarks privacy launch justin

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