The Electric Coin Company (ECC), the company behind the Zcash cryptocurrency, has revealed details of the Halo Arc upgrade suite, whose release is scheduled for October 1.
(1/4) The Halo Arc product suite will help usher in a new era for #Zcash / $ZEC. It includes updates to Zcashd, the ECC Reference Wallet apps and the ECC wallet SDKs to coincide with NU5.https://t.co/1jBstYlKOV
— Electric Coin Company 🛡️ (@ElectricCoinCo) April 12, 2021
Halo Arc includes:
- updates to the Zcash consensus node (Zcashd);
- ECC prototype wallet;
- ECC development kit (SDK).
The new wallet will enable anonymous transactions by default. Currently, this option is at users’ discretion.
Initially, the update was planned for this summer. Later, the developers moved Halo Arc to October 1 to coincide with the activation of Zcash Network Upgrade 5 (NU5).
In the October protocol upgrade, unified addresses will also be introduced, compatible with all types of Zcash pools — open and anonymous.
Halo is positioned as a ‘trustless recursive version’ zero-knowledge proofs. It is meant to significantly boost the system’s scalability and remove the need for ‘trusted setups’.
The latter involve creating a secret number whose derivative is used by the Zcash protocol. This number is created from multiple parts by various participants, who must then destroy the ‘cryptographic toxic waste’ without revealing the associated information.
If participants who conspire do not destroy the waste, or if the secret number is revealed, a serious breach in the protocol could occur.
In November, the Zcash network underwent a halving. Along with it Canopy upgrade activated.
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