Tron Features Zero Knowledge-Based Privacy Through The Work of The TRONZ Team
Tron Features Zero Knowledge-Based Privacy Through The Work of The TRONZ Team
January 18, 2020
Tron Features Zero Knowledge-Based Privacy Through The Work of The TRONZ Team
Tron Features Zero Knowledge-Based Privacy Through The Work of The TRONZ Team
January 18, 2020

Tron (TRX) is set to feature zero knowledge-based privacy through the work of the TRONZ team.

On January 17, it has been reported in a blog post that a trusted setup ceremony is set to be conducted soon, which will “set a new Guinness World Record.”

TRONZ is a privacy initiative that is set to integrate Zk-SNARKs, the core privacy technology of Zcash (ZEC), in the Tron blockchain. While the team claims its implementation is the “most efficient and least resource-consuming privacy protocol in the world,” no technical details were released.

As built with the “advancement of blockchain technology” in mind, the TRONZ team has allegedly “developed and tested the privacy protocol on the Tron network.”

According to the post, a mainnet release is set to occur soon.

However, the goal of TRONZ is to introduce the privacy protocol to Tron smart contracts, allowing developers to introduce private data within them. In addition, the team wants to offer a blockchain-based Multi-Party Computation (MPC) solution for private computing needs.

ALSO READ :  CryptoTrader.Tax Launches New Software For Reporting Crypto Taxes

The MPC technology will also be used to conduct the trusted setup ceremony, as it allows signers to safely participate in the creation of the parameters required for the setup. Inputs are split, and every single participant does not reveal his secret to others during the parameter generation event, which can alleviate many of the concerns of trusted setups.

It has been analyzed that the setup is set to be joined by over 200 people, and anyone can apply to be part of it.

Justin Sun, Founder of Tron

Likewise, the majority of the privacy-related repositories, such as tron-zksnark, zksnark-java-sdk, appear to have had no updates for several months. Tron’s version of librustzcash is in a similar position, save for a pull request to merge a recent code branch from Zcash.

Moreover, code for the MPC was also directly taken from Zcash. It appears that all of the changes made by the Tron team were on the readme file, with no structural changes present in the master branch save for those made by the Zcash team in 2018.

ALSO READ :  Crypto YouTuber Sees His Livestream Cut Short By YouTube, Video Violates Its 'Harmful And Dangerous Policy’

The Tron team worked only on the original Tron repositories to integrate the privacy technology.

Thus, the actual implementation of Zk-SNARKs appears to be almost entirely copied over from Zcash.



Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!