The largest MPC developer, TRONZ Foundation, has said it is realizing its smart contract privacy protocol as part of TRON 4.0 billed to go live soon. Once launched, it will be the first ever smart contract privacy protocol.
The progress is coming more than a year after the TRONZ foundation has been working on the smart contract privacy protocol.
And today, July 7, the foundation says it is realizing the privacy protocol to meet up with
TRON 4.0 protocol. The launch, according to Justin Sun, will mark a definitive moment for evolution and history of the TRON blockchain, says the creator of TRON and CEO of BitTorrent, Justin Sun. The smart contract privacy protocol is to be officially unveiled on July 7th 2020.
Congrats to @OfficialTRONZ🎊
After nearly a year in development, TRONZ's Smart Contract Privacy Protocol will finally be released as an integral part of #TRON 4.0 protocol on July 7.
— Justin Sun (@justinsuntron) June 6, 2020
The privacy protocol will support all TRC20 tokens and also maintain adequate funds and active developers, it will be completely open-sourced, and made available free of charge. For now, TRONZ says it won’t be issuing coins on the protocol.
The great protocol marks a historical moment where zk-SNARKs will be executed on a blockchain-based smart-contracts.
January 17, TRONZ team said its privacy protocol is now the largest MPC and will set a new Guinness World Record. The developers of the MPC are also behind the TRON’s anonymous transaction.
The team held the maiden non-profit MPC Torch Project in January where it received participation from 106 members of the cryptocurrency space from different countries and spheres.
Those who participated in the project were more than those who partook in the Zcash MPC Project, making it to be the largest MPC Project ever.
For now, TRONZ have perfected the public test on shielded transactions, and have duly deployed TestNet.
Also, the team have executed commands for zk-SNARKS in TVM. The TRONZ’s smart contract privacy protocol is to be released as an integral part of TRON (TRC20) network and will be part of the TRON 4.0 strategy.
Note that the TRON 4.0 upgrade is not designed to make the ecosystem completely anonymous and won’t include any privacy feature on the network, but the smart contracts will support all TRC20-standard tokens, including the ones that have not been issued.
Intending users of the platform can make use of the shielded transaction feature just by executing the smart contract.
The TRONZ Foundation says it is adequately funded and has outstanding developers, and won’t be issuing any token but decided to make the smart contract privacy protocol completely open-sourced that can be deployed by anyone without paying a dime.