In a recent blog post, Zcash has released some of the key features of its latest upgrade which is tagged Sapling. Sapling accompanies the heels of the upgrade of Zcash referred to as 1.1.2. This upgrade (1.1.2) is aimed at implementing internal changes that are required for Sapling and Sapling-crypto libraries and the librustzcash.
Transactions over the new Sapling address will allow payments to be executed in seconds and it will only require a memory size of 40 Megabytes. Hence, mobile wallets, vendors, exchanges and other third-parties can support shield addresses. The shield address of Zcash aids better privacy for the whole network.
Zcash (ZEC) Price Today – ZEC / USD
At the time of writing, Zcash (ZEC) is trading at $176.6 after an increase of 1.4 percent over the past twenty-four hours. The digital currency boasts of a market cap of $765.93 million and a trading volume of $49.13 million over the past twenty-four hours.
The Latest Additions to the Blockchain Project
Zcash (ZEC) is a digital currency that is built around the concept of privacy. Hence, the digital currency lets obscuring parts of a transaction that can only be accessed with a private key. The upgrade makes the viewing key of Sapling more functional. This privacy feature was only available for incoming payments. Nevertheless, it is now applicable to outgoing transactions also due to the upgrade.
The digital currency utilized transparent addresses due to the fact that shielded addresses require a lot of resources (about 3 GB of memory). One of the unique features of the upgraded Sapling address is that it only requires 40 Megabytes of memory. For privacy-centric digital currencies such as ZEC, only some aspects of the blockchain are public.
Zcash (ZEC) became highly popular last year, and the developers of the digital currency are presently working on a technology that could make blockchains more scalable. This total number of transactions in one second could potentially increase as a result of this development, and this could have a significant effect on the value of the coin.