By Tobi Loba
The founder and CEO of Tron, Justin Sun has once again reminded the Tron community and the cryptocurrency sphere at large about the underway introduction of privacy technology based on zero-knowledge proofs to TRON’s smart contracts.
#TRON is set to introduce privacy technology based on zero knowledge proofs to its smart contracts.
TRONZ is a privacy initiative that is set to integrate Zk-SNARKs, the core privacy technology of #Zcash (ZEC), in the #TRON blockchain.https://t.co/S0Luvhdhtx
— Justin Sun 🅣🌞 (@justinsuntron) January 22, 2020
Details about the Privacy Technology Launching on Tron Network
TRONZ is a privacy initiative that is getting set to fully integrate Zk-SNARKs, the core privacy technology Zcash (ZEC) that runs on TRON blockchain.
TRON Foundation in conjunction with the TRONZ development team is working hand in hand to make Zero-Protocol proof Technology (Zk-SNARKs) a reality. This is expected to provide a high level of privacy on the Tron network, which is the best wish of the teeming users.
According to Tron Foundation on 17th January 2020, below are what to expect once the underway Privacy Protocol Goes into full functionality on Tron network;
- becoming Largest MPC
- making blockchain one of the most advanced technologies in the world
- amassing popularity and attention globally
- setting a new Guinness World Records
Evidently, zk-SNARK is an important feature of the privacy-oriented Zcash encryption currency. Howbeit, going by the expectation of the Tron Foundation listed above, the TRONZ team plans to build the most efficient, unmatched, and least resource-consuming privacy protocol in the world.
It also plans to apply technical features that have not been revealed or applied anywhere. The TRONZ team has constantly showcased that the underway privacy solution is ready, tested and could go live on the Tron network any moment from now.
Additionally, there would also be an implementation of the Secret Computing Protocol [MPC] to enable signers to securely set parameter parameters.
Conclusively, the upcoming privacy protocol is just one of those developments coming to the Tron ecosystem this year. Recall that the CEO Justin Sun has consistently mentioned that a decentralized stablecoin backed by TRX and BTT will soon launch.