Tron’s Marcus Zhao Touches on New Anonymous Transactions Being Finalized on TRX Network


Marcus Zhao, the technical director of the Public Chain Division of Tron (TRX), has gone to Twitter in order to announce that the anonymous transactions are near from being complete in the Tron network.

According to him, the next step was to improve the testnet until they are able to launch the changes on the mainnet of the system. He asked for feedback from the users, too, and provided a link that could be used if they wanted to help out in testing the network. This way, the users can see the changes by themselves before they are implemented for good.

The Reaction

Most of the people on Twitter were very excited about the news. However, they were far from being the only voices who had opinions about how Tron should deal with the upgrade.

A user named @vcorem, for instance, affirmed that this was simply too much work in order to improve a feature such as this one. They first created the virtual machine, then implemented the ZK-Snarks protocol on it and then decided to emulate the UTXO model to make these transactions. So much work for something that is not really that much unique, in his opinion.

Opinions on this were divided as there were other users who had a much more positive view of the system. Some affirmed that such a system would be very useful and that other ecosystems are already doing it, so there is a trend towards anonymity

The fact is that this kind of transaction is really getting popular. There are several old-school tokens using it today such as Monero (XMR) or Zcash (ZEC), but many other projects involving anonymity are being created today. Litecoin, for instance, is also set to start an anonymous option for its users.

Unfortunately, authorities from all over the world frown upon anonymous tokens as they believe that they can be used for crimes. It seems that a battle between the believers in a world with anonymous transactions are going to have to face this problem before they are able to reach their goals and see more private tokens.

At the time of this report, Tron is trading 4.3% up today (and 7.2% up this week) and it is priced at $0.0295 USD per token with a market cap of 1.97 billion UD, being the 10th largest cryptocurrency in the world.

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