Called “Overwinter,” the update requires all users of the nearly $800 million blockchain to switch to a new software.
That’s because the next hard fork upgrade, called Sapling, is all about eliminating the weight of the protocol’s private transaction types so that zcash can scale to more users.
Essentially, there isn’t expected to be much dissent as Overwinter aims to improve on a core attribute of the code already.
Simple changes
One of the reasons for zcash developer’s optimism about the Overwinter hard fork is that those backing the protocol have taken various steps to make sure everything goes smoothly.
But these risk-mitigations aren’t the only strategies the zcash team has deployed to make sure the Overwinter upgrade doesn’t go awry.
Generally speaking, blockchain-based cryptocurrencies offer users a certain level of anonymity while or receiving payments. However, transactions carried out with some coins such as bitcoin are entirely traceable while those done with altcoins like Monero, zcash and many others are almost impossible to trace, making such altcoins a viable tool for criminals.
Privacy The US Secret Service is worried about the illicit use of cryptocurrencies. Asking Congress for Help In his testimony, Novy asked “Congress for help in preventing cryptocurrencies like monero and zcash, which provide users with enhanced privacy and anonymity features, from being used for illicit purposes,” Forbes elaborated. According to Forbes, Greg Nevano, an
Cake Wallet added support for Zcash with shielded addresses by default, transparent address rotation, NEAR Intents swaps, and other notable features.
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