|Oct 30, 2018 06:00 AM||By: John Patrick Mullin | 2476 Views|
ZCash Sapling protocol will be launched on October 29th, the company’s CTO believes it will reduce transaction fees significantly.
Trying to catch up with Monero’s wave with their newest bulletproof protocol, ZCash announces the launching of their Sapling Protocol soon.
The protocol, which will be launched on October 29th, is expected to fix the long-known “inefficient and cumbersome” issues related to ZEC private transactions by allowing “common Internet-connected computers” to accept, process, and receive shielded transactions.
As of now, the shielded transactions are only possible via the use of a full blockchain node.
The technical alterations included in Sapling will also make possible for exchanges and wallets to accept shielded transactions, as well as light and mobile wallets, which means users can make anonymous transactions directly from their mobile devices.
In an interview with CoinDesk, ZCash CTO, Nathan Wilcox said, “The Sapling protocol will allow shielded transfers to be completed with about 100 times less memory and probably six or more times faster.”
Furthermore, he added, “We hope to see a migration toward shielded Sapling adoption, and as that migration continues we hope to transition to privacy-by-default when the time is right.”
Ultimately, the team behind ZCash expects the new protocol will be able to remove transparent transactions, the non-private ZCash transactions that can damage the anonymity when used together with shielded transactions.