Zcash (ZEC) Cryptocurrency Project Reveals Newest Sapling Upgrade Releases
During one of the latest released blog post, Zcash had revealed some new features in place on their newest upgrade that is called Sapling. Sapling comes shortly after the upgrade of the ZCash platform called 1.1.2. The new upgrade has been aimed at implementing changes inside the Sapling & Crypto libraries as well as librustZCash.
Any transactions made over the new Sapling web exchange can be completed within a matter of seconds requiring a small memory chunk of only about 40 MB. That means mobile wallets, vendors, exchanges as well as third-party appswill be able to support shielded addresses. The shield address of Zcash gives aid and better privacy to all users on the network.
As this is written, ZCash (ZEC) was trading at $1.75 after a minor increase of 1.4 percent during the last 24 hours. The virtual currency holds a market cap of $763.93 million USD as well as a trading total of $49.3 million USD during the last 24 hours.
The Newest Additions To The Blockchain Project
ZEC Tokens are built with privacy in mind. They’re a new virtual currency created to give people the privacy cryptocurrencies like Bitcoin once promised. The virtual currency makes parts look obscured throughout the process of transactions which can be accessed only with a personal key. The new upgrade makes seeing important parts of the Sapling update more possible. The privacy feature can only be used during incoming payments. Even so, it can now be applied to outgoing transactions due to the upgrade.
The virtual currency used addresses that are transparent because the shielded addresses need about 3 GB of memory (a substantial amount of resources). Another of the features unique to the Sapling upgrade is it only needs around 40 GB of memory. For privacy reasons, virtual currencies like ZCash only show some of the blockchain aspects to the general public.
ZEC Tokens on ZCash became highly popular last year, with developers on the digital currency path working on the needed tech which allows massive scaling on the blockchain. The total number of transactions in one second, has the potential to increase the developmental results seen by users, which could show some highly significant effects on the total value of the tokens.