Justin Confirms The Launch Of The Privacy-Focused zk-SNARKs
The founder of the Tron Foundation, Justin Sun, affirmed that the Tron network is finally ready to upgrade its security measures and also that the network is now ready to launch the zk-SNARKs feature. If you ever heard the name, you may know why it is such a huge deal.
Zk-SNARKs is a crypto protocol focused on privacy, a “zero-knowledge” protocol. According to Sun, it is extremely important because it helps people to see new ways of interacting with people using the privacy that can be provided by Tron. This could be critical for the adoption of the crypto industry, he affirmed.
After the announcement was made, the news spread out through the internet and Sun started to give the community more details about the upcoming launch. According to him, the update will make the features of Tron much more secure than they are right now.
The zero-knowledge proof technology lets the users carry transactions without having to reveal any information about themselves to the miners. This way, people do not need to provide so many details about their identities and can have a more private experience of using the blockchain, which would certainly make it more popular.
Several other tokens like Monero (XMR) and Zcash (ZEC) already have privacy mechanisms, which makes them both very sought within the community at the same time that they can make the authorities be afraid of them.
Tron, which is currently the 11th largest token by market cap at the time of this report, is a user-centric platform that is focused on dapp development. In many aspects, Tron looks a lot like the Ethereum network.
The network is run by the Tron Foundation, which is headed by Justin Sun. Recently, the company acquired BitTorrent, the largest torrent provider in the whole world, a move which was seen as the beginning of the Tron dominance, which keeps growing every day.