Big milestone for Shielded Labs: the activation height for NU7 is being set today! The upgrade includes our first major mainnet deployment: the Network Sustainability Mechanism (NSM).
Like Bitcoin, Zcash faces a long-term challenge: how to sustain network security as block rewards decline. The NSM helps address that while preserving the 21 million coin cap.
ZIP-235 removes 60% of transaction fees from circulation, allowing that ZEC to be reissued as future block rewards. ZIP-237 starts that recycling around February 2031.
At current fee levels, that’s only about 210 ZEC per year. This is a modest first step, but we’re optimistic about how new use cases for the NSM could evolve over time and contribute to Zcash’s long-term security.
Had the great pleasure of chatting with @aescobar0g of @rhea_finance.
Finally it seems like we have a good native DeFi stack for cryptocurrencies, like privacy coins, that don't yet have it in their own ecosystems.
Yet another killer NEAR Intents use case.
Incorporando a los próximos 1000 constructores a Zcash.
🛠️ ¿Cómo atraer a los próximos 1000 desarrolladores a Zcash? 🗣️ @zkdragon, @Thedrekal y @SamHSmith2 debaten sobre cómo reducir las barreras de entrada, mejorar las herramientas y la documentación y crear vías concretas para nuevos colaboradores. Moderado por @shieldedmark.
@ShieldedLabs@Zcash Protocol Study Session Notes, Session 9 (Part 1); Hash Functions:
@shieldedmark walked us through the small zoo of hash functions behind every shielded transaction: which one runs where, and why each was chosen.
@feministPLT also helped to explained some hard parts
We covered:
1. The Hash Function Zoo: the SHA-256 & BLAKE2 families
2. Merkle Tree Hashes & Sapling's Positional Randomness
3. Viewing Keys & Quantum Recoverability (CRH^ivk, ZIP-2005)
4. Group Hashes: Getting Randomness Into a Group
Section 5.4 is big, so the session was split into parts. This is Part 1.
Protocol Study #9.2: Hashes, Curves, and PRFs (Part 2) starting in roughly 24 hours!
Tuesday, Oct 20 @ 3pm UTC
https://t.co/zkM5va6bDM
Special thinks to @zcashbrazil for recording / translating, and @thedrekal for note taking.