Obviously, virtually all users of cryptocurrency long for a system where information about transactions would be completely obscured.
Such a feature was said to be underway on the Tron network few days ago. But it has recently been shared by the CEO Justin Sun that the shielded transaction feature has been launched on TRON’s Nile testnet.
Users are instructed to visit GitHub for more details about the shielded transaction feature.
He said, “The function of shielded transaction has been launched on TRON’s Nile Testnet. You are welcomed to test it!”
The Benefit of Shielded Transaction
Prior to this recent announcement, CEO Justin Sun informed the Tron community about the oncoming development and how the users’ transactions will be protected from the public.
It was according to Justin Sun, tagged as an experiment, but it’s now advancing to become functional on Tron network. However, its recent launch could be termed as real-time experiment or test, since it’s released for needed examination on TRON’s Nile testnet.
The feature is supposedly towards the realization of Tron network decentralization. According to Sun, the details of any completed transaction will be removed automatically by the system.
This information include but not limited to the sender and recipient’s identity, the amount of funds transferred and the inputs and outputs.
TRON has no Intention to Sell Recently Unlocked TRX
The Tron Foundation has just spoken the mind of CEO Justin Sun via its official Twitter handle, in relation to the 33 billion TRX recently unlocked, so as to subdue the possible rumor of a subsequent sell-off.
The report has it that TRON will only initiate a buyback project anytime in the future, adding that the Tron CEO believes TRX is not receiving the accolade it deserves in terms of rating and value.
He said, “TRON has no intention to sell the 33 billion TRX that were recently unlocked. Instead, TRON will initiate a buyback project in the future because Justin Sun believes TRX is way underrated and undervalued.”
Tron (TRX) and other Digital Tokens in the Market
The cryptocurrency market has been bubbling over the past 24 hours. Virtually all the top coins led by Bitcoin, the largest digital currency by market capitalization, have made notable gains within the time interval.
Tron (TRX) is presently occupying 12th position in the market. Many crypto analysts are still in between two opinions regarding the latest price gains. At press time, TRX is trading at $0.014573, with relatively 3% price upsurge on 24 hours estimation.