• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

ECC Engineering: Year in Review

1 year ago
in Altcoin
Reading Time: 4 mins read
ECC Engineering: Year in Review
147
VIEWS
Share on Facebook

ECC Engineering is a small, global organization focused on building and supporting technology to provide people with access to a fair and open currency — regardless of location or demographic. In short, our mission is to empower everyone with economic freedom. In 2021, we continued to make tremendous progress in both R&D and engineering, which we feel will benefit Zcash for years to come.


ECC actively develops and maintains the Zcashd consensus client, the official reference implementation of the Zcash Protocol Specification. The Zcashd client allows you to send and receive ZEC, mine ZEC, and verify transactions. It is in use by mining pools and exchanges all over the world.

ECC also develops and maintains the Zcash iOS and Android software development kits (SDKs), the ECC reference wallets for iOS and Android, and lightwalletd, a backend service that provides a bandwidth-efficient interface to the Zcash blockchain.

Since 2016, ECC has been at the forefront of groundbreaking research and development with implications beyond the cryptocurrency world. Zcash was the first project to successfully implement zero-knowledge proofs, and ECC has established a reputation for shipping quality, production-ready code at regular intervals. We release new versions of Zcashd on roughly six-week release cycles and have historically performed an average of one or two network upgrades (or “hard forks”) per year.

Historical and future release and network upgrade information can always be found on our schedule page.

https://z.cash/support/schedule/

Page Contents

  • 1 Highlights
      • 1.0.1 Halo on Zcash
      • 1.0.2 The Filecoin, Ethereum, and ECC collaboration
      • 1.0.3 Proof of stake and interop research
      • 1.0.4 Other highlights include:

Highlights

We had many successes in 2021 across all of our engineering-related teams including Core, Mobile, and DevSecOps, a team comprising what was previously the separate DevInfra and Security teams. These successes included the regular cadence of releases as well as breakthrough cryptographic research, developments to move the shielded wallet ecosystem forward, operational enhancements and advancements, and a continued demonstration of our commitment to security best practices, ensuring safe and secure releases and network upgrades.

Halo on Zcash

Our focus in 2021 was primarily on our upcoming network upgrade, NU5, the largest network upgrade in Zcash history. We had hoped to activate NU5 in 2021, but elected to delay the activation to meet our historic standards for safety and quality, and to allow plenty of time for ecosystem partner testing and integration. NU5 brings Halo to Zcash in the embodiment of the Orchard Shielded Protocol, along with numerous other improvements, including unified addresses, a future-proof address format. Halo eliminates the need for a trusted setup and is a foundational piece of our scalability initiative, enabling options such as transaction and block aggregation, the latter being the cornerstone of succinct blockchains.

The Filecoin, Ethereum, and ECC collaboration

In September, we announced a multi-faceted collaboration and research agreement with Protocol Labs, the Filecoin Foundation, and the Ethereum Foundation around Halo 2, including how the technology might be used in their respective ecosystems. The collaboration accelerates the development of recursion in Halo 2 and explores options for the integration of Halo 2 into the Filecoin and Ethereum ecosystems.

Proof of stake and interop research

There’s strong public signaling in support of Zcash moving to proof of stake and a growing demand for standardized interop touchpoints to enable innovation on top of Zcash. We began early market and technical research into proof-of-stake protocols and interop platforms that could potentially be options for Zcash in the future.

Other highlights include:

  • Released seven versions of Zcashd and successfully activated our sixth network upgrade, NU5, on testnet.
  • Published an update to the Network Upgrade Pipeline (NUP), establishing a more agile process that still retains the safeguards inherent in the NUP while making it easier for protocol teams outside of ECC and the Zcash Foundation to participate.
  • Reduced Initial Block Download (IBD) data by more than 90% by eliminating redundant block header requests and replies.
  • Published ECC’s proposed feature set for NU5 including the Orchard Shielded Protocol and unified addresses
  • Formed a Scientific Advisory Group to help guide the scientific evolution of the Zcash protocol
  • Designed and introduced unified addresses, a future-proof Zcash address format that improves usability, increases the ease of interoperability, and supports shielding Zcash by default.
  • Established a responsible disclosure process with key wallet partners, NightHawk and Unstoppable, for vulnerabilities found in our mobile SDKs and reference wallet apps.
  • Conducted a study of decentralized markets on the Zcash blockchain that involves multiple assets, in support of our Zcash Shielded Asset (ZSA) research.
  • Added auto-shielding to the ECC Wallet SDKs, a UX feature that automatically moves funds from a transparent address to a shielded address and a component of our Shielded by Default initiative.
  • Activated NU5 on testnet aimed at enabling existing Zcash users to test their software and make the necessary changes to be compatible with the new consensus rules.
  • Completed and published the NU5 specification and implementation security assessments which were conducted by QEDIT and NCC.

For a full recap of 2021, including all our engineering activity, please browse our Electric Coin Co. blog.

Wishing you the best for a healthy, happy, and successful 2022!

DigitalOcean Referral Badge

Next Article: 7 Best Crypto Mining Software [2021]
Next Article: Best Crypto Exchanges of 2022?
Next Article: Are Cryptocurrencies a good investment?
Next Article: What Cryptocurrency to mine right now
Next Article: what is Ethereum in Depth?
Next Article: What is a protocol?
Next Article:  Ethereum price Prediction

Source link

Tags: ECCengineeringReviewyear

Related Posts

ALTCOIN:The best Crypto for 2023 -Cryptonewsmart
Altcoin

ALTCOIN:The best Crypto for 2023 -Cryptonewsmart

1 April 2023
6 Meme Coins that reach 100x within a week
Altcoin

6 Meme Coins that reach 100x within a week

9 May 2023
Arbitrum Crypto Ecosystem
Altcoin

Arbitrum Crypto Ecosystem – Cryptonewsmart

21 April 2023
Elon Musk Just Crashed Dogecoin – Cryptonewsmart
Altcoin

Elon Musk Just Crashed Dogecoin – Cryptonewsmart

11 April 2023
Altcoins Across The Sector Are Underbought: Santiment
Altcoin

Altcoins Across The Sector Are Underbought: Santiment

26 May 2023
Pudgy Penguins raises  million, survives the NFT fall
Altcoin

Pudgy Penguins raises $9 million, survives the NFT fall

11 May 2023


  • Trending
  • Comments
  • Latest
Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

2 June 2023
Ethereum (ETH) Price on Cusp Of Major Breakout

Ethereum (ETH) Price on Cusp Of Major Breakout

2 June 2023
Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

2 June 2023
Should A Bitcoin Wallet Have Rights?

Should A Bitcoin Wallet Have Rights?

1 June 2023
Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

29 May 2023
Want to Become an Ethereum Validator? You Have to Wait 45 Days and Here’s Why

Want to Become an Ethereum Validator? You Have to Wait 45 Days and Here’s Why

4 June 2023
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

2 June 2023
Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

2 June 2023
Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

2 June 2023
Ethereum (ETH) Price on Cusp Of Major Breakout

Ethereum (ETH) Price on Cusp Of Major Breakout

2 June 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}