The for-profit developer behind Zcash (ZEC), Electric Coin Co. (ECC), has released on Jan. 15 a set of resources to facilitate the implementation of shielded transactions on mobile. This builds on early tests in 2019 conducted after the Sapling upgrade.
The developer released a complete set of Software Development Kits (SDK) versions for both Android and iOS. While the former was an update of the 2019 version, now supporting the Zcash mainnet, the latter was created anew to provide equivalent functionality for Apple devices.
In addition, the company released a compatible backend service specifically designed for mobile clients to efficiently connect to the Zcash blockchain.
Though the company noted that the software is in active development, it encourages third-party developers to build and experiment with mobile wallets supporting shielded transactions.
Past hurdles for shielded transactions on mobile
Zcash is a mixed blockchain featuring both transparent and private transactions. With the transparent mode, ZEC transfers work like Bitcoin (BTC) — while private (or “shielded”) transactions are fully encrypted.
Early implementations of Zcash privacy technology were prohibitively taxing on system hardware, requiring at least 2.9 gigabytes of free memory. This limited mobile wallets to only feature transparent transactions.
The Sapling upgrade introduced in October 2018 significantly alleviated the memory requirements for private transfers, making full-feature mobile wallets practical. The Zcash reference wallet was released six months later in 2019, though it was only compatible with the testnet.
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The government of Argentina has announced that it is suspending the national blockchain-based mechanism to register new companies for a period of 180 days. The measure, according to statements made by Ricardo Nissen to La Nación, who is the head of the General Inspectorate of Justice (IGJ), seeks to reorder the registration of new companies so that the IGJ can participate in the entire process. Back to the traditional way During the suspension period, which will begin as of the second week of March, registrations of the Companies for Simplified Shares — known in Spanish as SAS — should be made in the Argentine Public Registry exclusively on paper. Under this digital system, about 20,000 companies were incorporated in the country since it was implemented in 2017. On the fast-track mechanism to register new companies, which allowed users to get through the process in 24 hours, compared to the 55 days that occurred in the past, Nissen issued the following statements to El Cronista: “There is no control. Macrismo thought that by enabling the constitution of companies in 24 hours…Mar 2, 2020
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The U.K. hearing of WikiLeaks founder Julian Assange’s U.S. extradition on the week of February 24, 2020, presented a test of Western liberal democracy. The indictment of Assange under the Espionage Act for publishing classified documents which exposed U.S. war crimes in Iraq and Afghanistan is recognized by free speech groups as an unprecedented attack on the First Amendment. With the government’s criminalization of journalism, we are seeing a deepening crisis of legitimacy that had begun to unravel a decade ago. Bitcoin emerged during the 2008 financial meltdown as a response to bank bailouts and a cycle of austerity. Over its 10 years of existence, the technology has steadily maintained its fundamentals of censorship resistance and permissionless usage. Now, more than ever, Bitcoin shows these defining features as its value proposition. As the government becomes more authoritarian, those who speak truth to power are being punished more harshly. Bitcoin as a technology of dissent provides alternative forms of resistance that are much more peaceful and joyous. It offers an avenue for people around the world to express their opposition against…Mar 3, 2020
Running a physical business is always a complex undertaking. Especially in New York City, now that cashless payments have been banned completely. This news is rather surprising, as it has seemingly come out of the blue. Cash Remains King in New York City A legislative proposal to for businesses to accept cash was introduced a while ago. No one really expected it to pass the City Council’s vote, however. Last Thursday, the NYC City Council suddenly decided to approve this proposal. It is evident that the use of cash will not go away anytime soon. This is despite both governments and central banks pushing hard to achieve the completely opposite effect. Cashless businesses are plentiful in New York City. However, for various restaurants and other retailers, not being able to accept cash has become a hindrance. Statistics indicate that 25% of NYC residents still pay in cash. This is either due to a lack of banking services, or not being part of the financial ecosystem at all. Leaving those individuals to fend for themselves is not something the city should…Jan 27, 2020
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Published on April 16th, 2020 by BTCMedia,Apr 17, 2020
Libra may have been scaled back but Facebook is significantly expanding the team working to support the stablecoin project. ,Apr 20, 2020
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