ZEN will not be a privateness coin after Horizen replace

• Horizen is eradicating privateness from mainchain shielded swimming pools
• ZEN will not be a privateness coin when the deprecation is activated.
• The upcoming deprecation of the Horizen mainchain shielded swimming pools comes after the adoption of ZenIP 42204

Horizen goes forward with plans to take away help for shielded transactions on the mainchain, a transfer that can see the native ZEN token not thought of a privateness coin.

The blockchain platform introduced on Wednesday that an upcoming deprecation of the mainchain shielded swimming pools will proceed after the group authorised ZenIP 42204. The change is anticipated to activate by way of a tough fork and can see shielded transactions with clear inputs prevented on the consensus degree.

The deprecation of #Horizen mainchain shielded swimming pools means privateness options might be faraway from the Horizen principal blockchain on the consensus degree. This implies $ZEN will not be a privateness coin after this alteration. Be taught extra about this upcoming change: https://t.co/HSno4RJaqO pic.twitter.com/GbMMrX9T48

— Horizen (@horizenglobal) June 27, 2023

“After the deprecation of mainchain shielded swimming pools, all privateness options might be faraway from Horizen principal blockchain on the consensus degree. This additionally means ZEN will not be a privateness coin after this alteration,” the announcement learn.

Horizen explains deprecation

In accordance with the Grayscale-backed layer 0 blockchain platform, the deprecation is being taken as a step to driving sustainable and progress for the ecosystem whereas mitigating in opposition to regulatory threats.

The aim is to make sure privateness know-how is dealt with the fitting method, with the subject a sizzling one and which continues to impression the main privacy-focused cash Monero (XMR), Zcash (ZEC) and Sprint (DASH).

Horizen additionally notes that its shielded transactions depend on Sprout, an “outdated” privateness know-how by ZCash. With the unique Zcash launch deprecated for sapling and blossom, the platform suggests its transfer permits it to enhance and innovate.

Timelines for the removing of the mainchain shielded swimming pools are put round August 2023 for the testnet and September 2023 for the mainnet.