Bitcoin and most cryptocurrencies expose your entire payment history to the public. Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.
At block 347,500, the ‘Overwinter’ upgrade will go live and according to ZCash, users will have three months to upgrade their ZCash software. The main features of the update are improvements in replay protection, higher speed of transfers and masking of version numbers.
According to a ZCash blog post:
The purpose of Overwinter is to strengthen the protocol for future network upgrades, paving the way for the Zcash Sapling network upgrade later this year. Overwinter includes versioning, replay protection for network upgrades, performance improvements for transparent transactions, a new feature of transaction expiry, and more.
Keep your Zcash software updated, and you’ll be on the newly-upgraded main chain along with everyone else. You will not miss the network upgrade, unless you are running your own full node and have manually configured your client to continue running the old code. There is no need to do anything else besides keep your Zcash software up to date. This network update is not expected to result in a fork of the blockchain or the creation of a new currency.
The first version of
zcashd that supports Overwinter will be
1.1.0, which is planned for release in April. This release will set the Overwinter activation block height on the main network, currently targeted for June 25th, 2018. Once activated, the main chain will start enforcing the new consensus rules.
We have begun reaching out to third-party developers for their feedback and to offer any support needed for a smooth Overwinter activation. The network upgrade guidelines list what is necessary (if anything) from third-parties to get ready for Overwinter.
[su_quote]This article is writing on 25 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]