Zcash Unveils Roadmap for 'Sapling' Blockchain Upgrade
Zcash has published a new development roadmap, including details about a forthcoming upgrade dubbed 'Sapling'.
The team behind the privacy-focused digital currency zcash has published a new development roadmap, including details about its planned 'Sapling' upgrade.
In a new blog post, the team behind the blockchain protocol, launched in late 2016, outline plans for upgraded functionality of zcash that focuses on integrating new innovations into the protocol.
Planned changes include a payment disclosure feature, perhaps best described as a means by which information can be embedded into the blockchain in such a way that only the parties involved in the transaction can view it.
Furthermore, inter-blockchain transactions involving popular public chains like bitcoin and ethereum will become available through a feature called XCAT (Cross-Chain Atomic Transactions).
Once implemented, the new protocol will allow for the issuance of zcash tokens – similar to ethereum tokens but with the network's advertised anonymity advances.
The team wrote:
The announcement comes amid declining prices in zcash markets, which yesterday fell below the $30 mark for the first time since launch.
Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company.
Baby plant image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.