ZCash completes ‘Sapling’ hard fork; becomes faster, lighter, more secure
With the crypto trading on the rise, there’s an urgent need for a constant update in technology. One of the major improvements ZCash has implemented is a network upgrade called Sapling. It is expected to significantly improve transaction speed and minimize the size of transactions themselves, also improving ZCash’s privacy system and increasing efficiency of the private transactions.
In the context of the upgraded fork, there are two types of addresses. The first one is a common t-type (transparent) address that works in the same way as the majority of other cryptocurrencies, having information of the sender and the receiver available on the public network. The second type is shielded addresses – similar to the ones that Monero and other private-centric currencies have. With these types of addresses it’s impossible to see any information about either the sender or the receiver, and the only information available is just the amount of the transaction.
Among other improvements is the reduction of the memory requirement, providing the opportunity for payments to be processed within just a few seconds and using only 40 megabytes of memory. Additionally, now transaction information can be viewed without the necessity to expose the private key, which is a significant improvement for mobile transactions since users don’t typically carry such information on them at all times.
As of October 30, all exchanges that list ZEC have supported the Sapling upgrade, which will make private withdrawals much more convenient.