In the world of cryptocurrencies and finance, where significant attention is paid to confidentiality, important events are unfolding. Valor Group founder Dev and Mert Mumtaz, a well-known figure in the crypto ecosystem, participated in The Rollup program on a crypto broadcasting platform, sharing the latest developments in the Zcash (ZEC) network and an important roadmap for the project's future. The discussions covered network scalability, security updates, and measures taken against quantum threats.
The recent Ironwood update implemented in the Zcash network is considered one of the project's most important milestones. Speaking at the event, Mert reminded that during internal security audits using 'red team' methods and AI, a potential vulnerability in the Orchard pool was identified, which could have allowed for the creation of counterfeit notes. Through extensive work and formal verification, it was proven that the code mathematically perfectly matches the specifications. The seamless transfer of funds from the Orchard pool to the new Ironwood pool completely eliminated the risk of counterfeit coin creation within the network and alleviated community concerns.
Dev, who shared crucial technical details about Zcash's future vision, emphasized that Valor Group's main goal is to achieve a transaction volume for Zcash comparable to a credit card. He stated that they aim to process over 50,000 transactions per second with latency under one second, while maintaining the full proof-of-work mechanism, and that the primary obstacle to scaling is not the nodes themselves, but the wallet scanning processes. It was noted that thanks to the new wallet architecture and optimized synchronization delay, they will be a thing of the past in the user interface.
The upcoming Tachion update promises to provide full protection for Zcash against quantum computing threats. The update integrates recursive zero-knowledge proofs into the network. It is reported that this will allow for a reduction in transaction size by more than five times, eliminate data processing overhead for nodes, and solve state growth issues. It is claimed that with Tachion, the network will achieve not just a 'quantum-resilient,' but a truly 'quantum-safe' privacy structure.
*This is not investment advice.
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