TRON Dev Team, TRONZ, Forks ZCash's Privacy Tech, Zk-SNARKs To Add to MainNet

    TRONZ team is set to implement privacy protocol which is poised to be the biggest Multi-party Computation in blockchain’s history. Tron states that a setup ceremony will be held soon claiming that it will become a Guinness World Record.

    TRONZ is made up of community developers who have come up with the anonymity protocol found in TRON’s main chain. Now, the team is finally through with public testing as well as testnet and is now set to introduce anonymous transaction in the TRON MainNet. Currently the TRONZ team is looking at the MainNet MPC process and in the coming days it will roll on MPC Torch Project based on the MPC process.

    Cointelegraph reports that the project aims at integrating Zk-SNARKs which is the main privacy protocol found in Zcash (ZEC), within the Tron blockchain. Although the team boasted that the implementation of the new technology is the most efficient, there were no technical details given about the protocol.

    The main aim of the TRONZ is to launch the privacy protocol to enhance Tron smart contracts which will enable developers to roll on private data within the smart contracts. Also, the team looks forward to provide blockchain-based MPC solution to enhance private computing needs.

    An analysis of Tron GitHub page indicates that different repositories were directly forked or copied from the source code of Zcash. Most of the repositories meant for privacy looks like they have not been updated for a couple of months. The MPC code was also directly copied from Zcash. However it is probable that the TRONZ team was more concerned with the original Tron repositories meant to integrate the privacy protocol.

    Meanwhile, according to Utoday, Tron has surged into the top ten following the announcement of the new developments. In addition, Tron’s founder Justin Sun has also said that the firm is working on a decentralized stablecoin which will be based both on TRX and BTT.

    The surge could also have been brought by the recent rallying of cryptos where TRX is now back to top 10 as per the CoinMarketCap scale having being absent for almost a year.

    TRON (TRX) Live Price

    1 TRX/USD =$0.0221 change ~ 6.25%

    Coin Market Cap

    $1.47 Billion

    24 Hour Volume

    $248.67 Million

    24 Hour VWAP


    24 Hour Change


    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Joseph Kibe
    Joseph Kibe
    Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Danone Launches ‘Track & Connect' Putting Baby Formula Supply On Blockchain Technology

    Danone is applying for the first time blockchain, aggregation and serialisation technologies for its infant formula packs. David Boulanger, the company’s senior VP of...

    Deribit Exchange Launches Ethereum Daily Options After Success With Bitcoin Contracts

    The Deribit Exchange specializing in crypto derivatives has launched daily Ether (ETH) options, an announcement from Monday and made on Twitter says. The strike price...

    Central Bank of Russia Proposes Amendments To Legal Framework for Tokenization

    The proposed cryptocurrency legislation in Russia could change a lot, now that a new bill for tokenization has been filed. On February 17, the Central...

    Ripple (XRP) Price Analysis (February 17)

    Key Highlights XRP market is under a falling force by the US dollar price valuation. XRP/USD pair’s value now averages a low point at...

    Binance Applies for Singapore Crypto License Under The New Payment Services Act

    Binance crypto exchange through its parent company has applied for Singapore’s new operating license. This follows an upgrade of laws governing crypto in the...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.