Tron Foundation Expects To Set The Guinness World Record Using New MPC

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
Tron Foundation Expects To Set The Guinness World Record Using New MPC

  • TRONZ has recently completed the public testing and Testnet for the anonymous transaction.
  • TRONZ are working on the MainNet MPC process and going to launch an MPC Torch project concerning this MPC process.
  • Zk-SNARKs is a brief non-interactive zero-knowledge argument, which can perform any of the computing efficiently.

The all-new undergoing privacy protocol developed by TRONZ developer’s team is the largest MPC (multi-party computation) in the history of blockchain. After gaining excellent popularity, it is also expected with MPC to set a new Guinness world record.

TRONZ has recently completed the public testing and Testnet for the anonymous transaction, and in upcoming months we can see the launch of anonymous transactions in MainNet.

Currently, they are working on the MainNet MPC process and going to launch an MPC Torch project concerning this MPC process. The project is going to reshape the internet by utilizing zk-SNARKS-based anonymity.

The long-term goal of TRONZ is to improve the credibility and security of the setup and to provide a reliable parameter for humankind.

What is the MPC Torch project?

Previously in August 2018, A Sapling MPC process is completed by the 96 Zcash participants.

With this new torch project, the number of participants is going to double, and the participation scale is going to be much more significant to provide a reliable parameter for the entire humanity. If everything goes well, this torch project is going to be the largest in history ever.

What is zk-SNARKs?

zk-SNARKs is the better and newest version of the zero-knowledge cryptography, zk-SNARKS is the most popular technology stand for zero-knowledge succinct non-interactive arguments of knowledge.

Zk-SNARKs is a brief non-interactive zero-knowledge argument, which can perform any of the computing efficiently.

What is MPC?

A multi-party computation or MPC is a technology, and this technology allows more than one party to carry out the joint calculation on their input without revealing to each other for data security and privacy.

The main motive of MPC technology is to resolve the lack of trust among the accomplices. No information accept computing results will be visible among the participants.

MPC provides different features including input independency, computing accuracy, and decentralization and also sometimes play a vital role in the scenario like secret sharing and threshold signature.

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