Justin Sun, CEO of the TRON Foundation, has posted an update saying the unnamed TRON-based privacy coin is coming soon.
According to a tweet published Jan. 6, Sun teased the TRON user base by announcing that the network’s privacy coin is “on the way,” while asking users to float ideas for its name.
TRON initially announced its intention to provide private transactions in January 2019, while failing to provide much more of an update for most of the year. In December, Sun provided a series of tweets explaining that the organization was beta-testing “shielded transactions.”
(1/5) #TRON is about to beta-test its shielded transaction.🛡️⛓️— Justin Sun (@justinsuntron) December 17, 2019
Shielded transactions hide:
1⃣Sender and receiver’s addresses;
2⃣Transaction input and output;
The shielded/private transactions utilize zero-knowledge proofs (zk-SNARK) to hide transaction data, such as the sender and recipient address. TRON’s version of zero-knowledge proof will rely upon a multi-party computation (MPC) protocol to construct and secure the private transactions.
Sun called the implementation of shielded transactions “highly scalable,” and opened the door for community input through GitHub.
(4/5) This #protocol has the property that only one participant needs to be honest in order to protect the integrity of the parameters.— Justin Sun (@justinsuntron) December 17, 2019
This phase is also highly #scalable, allowing us to have as many participants as time allows.
(5/5) This means that we can open the doors to anyone who wants to contribute! If you are interested, please refer to 👉https://t.co/I2JHxXmk98. You can also contact our official email to get more information: [email protected]📬— Justin Sun (@justinsuntron) December 17, 2019
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