December 8, 2017 (The Ferowich Report) — The firm behind encrypted internet money will focus on Zcash’s “performance, security and usability” in 2018.
A new blog post titled “Zcash for everyone” lays out two notable projects for the upcoming year. First, a “prepatory” network upgrade dubbed Overwinter will be activated in June, 2018. Second, the Sapling protocol will go live in September, 2018.
Overwinter will make the network more secure “even in the case of governance contention,” the Dec. 8 post says.
Sapling activates the Sapling protocol. This step entails “orders of magnitude improvements in both time and memory to shielded transactions” and will make mobile wallet support “feasible.”
Why it matters: A lot of cryptoventures are not transparent about what they plan to do or in some cases simply aren’t sure.
Zcash has enjoyed a nice year of growth on a ZEC/USD basis. ZEC started the year around $48 per unit and now trades around $330.
Background: Like bitcoin, the supply of Zcash digital assets tops out at 21 million. Precisely 2.1 million Zcash units, or 10 percent of total supply, are reserved for founders, investors, employees and advisors. Zcash belongs to a select group of cryptoassets focusing on privacy. By utilizing, zero-knowledge proofs, Zcash purports to allow total concealment of the sender, recipient, and quantity transacted.
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