ZCoin Releases Security Update

Must Read

A Ten-Fold Hike In Grayscale’s Investment Flagship: An Analysis On The BTC Trust Fund

According to recent reports, Grayscale BTC Trust fund has undergone a ten-fold increase in assets under management on...

Goldman Sachs’s Decision To Address The Hottest Assets In The Market

Reportedly, the American Multinational Investment Bank, Goldman Sachs plans to include Bitcoin as a significant subject in its...

Cardano (ADA) Price Analysis: Is ADA Price Planning To Fall Below $0.50? 

Cardano is facing significant pricing corrections after going below the mark of $0.055  It is facing an overall gain...
0 (2)
Prerna Sengupta
Prerna Sengupta is a writer for Thecoinrepublic. She is a law student at NALSAR University of Law, Hyderabad. She is interested in Tech Law and is especially keen on cryptocurrency, blockchain, and Bitcoin. She hopes to pursue this field in the future as a lawyer.

ZCoin Releases Security Update

  • A security issue which recently surfaced in Sigma is being fixed and will be re-enabled on December 5.
  • Full functionality of RAP (Receiver Address Privacy), also known as, BIP47 Payment Codes has been completed.
  • With reference to Lelantus, a draft paper on hierarchical 1-out-of-many Proofs has been completed and submitted for peer review.

ZCoin has come up with a security update as of December 2, 2019. ZCoin is a cryptocurrency which uses cryptography to provide better privacy to its users. These private financial transactions are enabled by the Sigma protocol.

Sigma is expected to be re-enabled past block 220720, i.e., around December 5th. This is because a security issue had surfaced in Sigma owing to a responsible disclosure via their bug bounty system. The new release 13.8.8 is said to be incoming on December 2. Final testing of sigma includes sigma verification and proving improvements which have multi-threading support. Along with that massive improvements have been made in syncing speed.

Full functionality of RAP (Receiver Address Privacy), also known as, BIP47 Payment Codes has been completed. Sigma support is also in the works.

Coming to the mobile app with Sigma, the mint work is completed whereas work has started on Sigma spend functionality and HD mint.

With reference to Lelantus, which is ZCoin’s next generation privacy protocol, a draft paper on hierarchical 1-out-of-many Proofs has been completed and submitted for peer review. The aim is to reduce proofs generation times and allow for more efficient batch verification at the cost of slightly larger proofs.

Triptych is also being reviewed with the assistance of Monero Research Labs to find out if there are any techniques which can be used to improve Lelantus.

Easy creation and management of Exodus tokens with Sigma support can be achieved with another month of work on ZTM. Exodus Sigma will also be patched with the security fix. Methods of two-way pegs are also being probed.

New wallets created will have full mnemonic seed backup support (including for Sigma mints). Currently Import from old wallets to new mnemonic backed up wallet is disabled. This has been done to prevent h private keys not being backed up by the mnemonic. Mnemonic support will be merged together with Sigma multi-threading optimizations.

Lastly, Core upgrade to 0.14 is complete and RPC tests are functioning. Remaining unit tests are also being fixed. Work has resumed on deterministic masternode work.

Advertisement
Advertisement

Hot News

A Ten-Fold Hike In Grayscale’s Investment Flagship: An Analysis On The BTC Trust Fund

According to recent reports, Grayscale BTC Trust fund has undergone a ten-fold increase in assets under management on a year-to-year basis. An investment...

Goldman Sachs’s Decision To Address The Hottest Assets In The Market

Reportedly, the American Multinational Investment Bank, Goldman Sachs plans to include Bitcoin as a significant subject in its latest client conference call. The...

Cardano (ADA) Price Analysis: Is ADA Price Planning To Fall Below $0.50? 

Cardano is facing significant pricing corrections after going below the mark of $0.055  It is facing an overall gain of 2.00% in today’s market...

OmiseGo (OMG) Price Analysis: Coin Listing News Provided A Plastic Bullish Move To OMG

After surging to the price level of $2.20, OMG finally took a negative hit of 12.29%. Another case has been made that how...

Tron CEO Justin Sun Lately Announced The Launch Of Tron 4.0

Tron Founder and CEO Justin Sun set Twitter on fire yesterday through the announcement of Tron 4.0 launch. He mentions that Tron 4.0...

Ethereum Is Like 2016’s Bitcoin On Societal Awareness Basis : Placeholder Partner

Chris Burniske, a placeholder partner tweeted that Ethereum today is like what Bitcoin was in 2016 in terms of societal awareness.  In the...

Partners

Goldman Sachs’s Decision To Address The Hottest Assets In The Market

Reportedly, the American Multinational Investment Bank, Goldman Sachs plans to include Bitcoin as a significant subject in its latest client conference call. The...

Cardano (ADA) Price Analysis: Is ADA Price Planning To Fall Below $0.50? 

Cardano is facing significant pricing corrections after going below the mark of $0.055  It is facing an overall gain of 2.00% in today’s market...

OmiseGo (OMG) Price Analysis: Coin Listing News Provided A Plastic Bullish Move To OMG

After surging to the price level of $2.20, OMG finally took a negative hit of 12.29%. Another case has been made that how...

Tron CEO Justin Sun Lately Announced The Launch Of Tron 4.0

Tron Founder and CEO Justin Sun set Twitter on fire yesterday through the announcement of Tron 4.0 launch. He mentions that Tron 4.0...

RELATED NEWS

A Ten-Fold Hike In Grayscale’s Investment Flagship: An...

According to recent reports, Grayscale BTC Trust fund has undergone a ten-fold increase...

Goldman Sachs’s Decision To Address The Hottest Assets In...

Reportedly, the American Multinational Investment Bank, Goldman Sachs plans to include Bitcoin as...

Cardano (ADA) Price Analysis: Is ADA Price Planning To...

Cardano is facing significant pricing corrections after going below the mark of $0.055  It...