HomeNewsJustin Sun: "TRON Will Receive Shielded Transaction Support Soon"

Justin Sun: “TRON Will Receive Shielded Transaction Support Soon”

It would appear that major development changes are coming to TRON. The popular altcoin is set to undergo some big technical changes. One of the new features to be introduced comes in the form of shielded transactions, which are “borrowed” from ZCash. 

Introducing Shielded Transactions

In the cryptocurrency industry, shielded transactions are not uncommon. It is a technology found in the code base of several altcoins today. TRON is one of the few major currencies to effectively integrate this technology. A remarkable decision, given how various governments tend to scrutinize any cryptocurrency with privacy aspects. 

For TRON, this will introduce several core changes. Shielded transactions, while not beta-tested yet, introduce several new privacy features. It can be used to shield the address of both a sender and receiver, something that many users will appreciate.

Furthermore, it will also allow for transactions amounts to be masked, making it similar to how most privacy and anonymity coins operate today. The final change comes in the form of hiding transaction inputs and outputs. This will make it difficult, if not impossible, for blockchain analysis firms to determine the origin and end point of TRON funds. 

TRON Borrowing ZCash Code?

As other currencies implemented shielded transactions in the past, it is evident that the TRON developers are borrowing this code from other projects. On social media, there is a lot of negative sentiment toward these changes. Many feel Justin Sun simply borrowed code from ZCash without even acknowledging that project. 

In a recent Tweet, Justin Sun confirms this technology will utilize zk-SNARk technology. This makes it rather straightforward to implement these new features. As long as one party in the transaction is honest, malicious transactions can be prevented. It is, according to Sun, also a highly scalable feature. 

For the time being, shielded transactions have yet to enter official beta testing. It is unclear how long this process will take exactly. While some enthusiasts expected unique features, this privacy-oriented update should not be dismissed so easily. It is a welcome addition for those who seek more private or anonymous solutions when handling cryptocurrencies. 

JP Buntinx
JP Buntinx
JP Buntinx is passionate about cryptocurrencies, fintech, blockchain, and finance. He currently resides in Belgium.


Please enter your comment!
Please enter your name here

Press Releases

WP Twitter Auto Publish Powered By : XYZScripts.com