Privacy-focused decentralized blockchain Zcash (ZEC), which provides anonymity for transactions, has announced that its new update has started working on the mainnet.
Zcash, one of the oldest cryptocurrencies in the cryptocurrency market, announced that the “Network Upgrade 5” (NU5) upgrade will be available on the mainnet. started working announced. The statement came by Zooko Wilcox, the creator of Zcash and CEO of Electric Coin Company (ECC).
Designed to hide details of transactions performed by users, Zcash is a zero-knowledge proof is using the system. The new N of Zcash, which has not received an update since November 2020,U5 update goes live on mainnet stated to have entered.
Launched in 2016, Zcash was initially used by users. to create and validate custom transactions required installation step. With the latest NU5 update this to the installation phase or any security institution. declared that it will not be needed.
In the list made by CoinMarketCap 44. ZEC, the native token of Zcash, 1.3 It has a market capitalization of billions of dollars. In the last 7-day period 4.45% decrease living ZEC, 93.18 traded in dollars.