TRON To Get A Privacy Coin
All indications keep pointing in the direction that TRON (TRX) is already getting set for their own privacy coin. This issue was brought to light after the CEO of TRON made a tweet on his official handle asking his fans to suggest the best name for a privacy coin on the TRON network.
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Also, recall that Justin Sun had on December 17th, 2019 hinted the public through a tweet that TRON was about to do a beta test on a shielded transaction. He further went ahead to explain what shielded transactions are. Below is the quoted December 17, 2019, thread.
“(1/5) #TRON is about to beta-test its shielded transaction.
Shielded transactions hide:
Sender and receiver’s addresses;
Transaction input and output;
Amount transacted.”
“(2/5) The shielded transaction uses zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to implement a completely shielded transaction. Zero-knowledge proofs rely on a set of public parameters”
“(3/5) We’re using a multi-party computation (MPC) protocol to construct these parameters transparently and securely, in order to prevent malicious attacks from shielded transactions.”
“(4/5) This #protocol has the property that only one participant needs to be honest in order to protect the integrity of the parameters. 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 github.com/tronprotocol/t. You can also contact our official email to get more information: tronz_tech@tron.network”
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already, we have some privacy coin that are already in the market. They include the likes of Monero (XMR), Dash and Zcash (ZEC).
One of the users suggested the name Tron Cipher to be used as Tron’s privacy coin. In his exact words “How about Tron Cipher (TCi)? Definition of Cipher “a secret or disguised way of writing: a code”.”
Other people suggested different names and we are waiting for the final name from Justin Sun.
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