August 2024 Work Progress Report: ZEC New Address Type, Node Updates
We
Now
Support
Payout
to
TEX
Addresses
As
the
cryptocurrency
landscape
evolves,
so
do
the
requirements
for
transaction
transparency
and
regulatory
compliance.
Recent
developments
have
led
to
the
introduction
of
ZCash
TEX
addresses,
particularly
in
response
to
increased
regulatory
scrutiny.
Binance
and
other
exchanges
have
started
requiring
transactions
from
transparent
addresses,
prompting
the
adoption
of
TEX
addresses
that
comply
exclusively
with
these
types
of
transactions.
ZCash
TEX
addresses
are
designed
to
only
accept
funds
from
Transparent
Addresses,
not
from
Shielded
Addresses.
This
means
users
must
first
transfer
funds
from
Shielded
to
Transparent
Addresses
before
sending
to
a
TEX
address.
The
introduction
of
TEX
addresses
(defined
in
ZIP
320)
aims
to
meet
exchange
requirements
without
completely
sacrificing
user
privacy.
The
push
for
TEX
addresses
comes
from
increasing
regulatory
pressures
that
demand
more
transparency
in
transactions,
especially
from
platforms
like
Binance
that
threaten
to
delist
cryptocurrencies
that
do
not
comply.
Do
ZCash
TEX
addresses
decrease
privacy?
For
users
prioritizing
privacy
and
already
using
Shielded
Balances,
the
impact
is
minimal.
The
design
of
our
ZCash
Wallet
aims
to
minimize
privacy
loss
and
prevent
tracking
through
metadata,
although
these
addresses
do
increase
the
potential
for
node
operators
to
correlate
transaction
data.
Is
ZCash
still
regulatory
compliant
with
TEX
addresses?
While
TEX
addresses
meet
current
regulatory
demands
without
significantly
compromising
privacy,
they
represent
only
the
beginning
of
potential
regulatory
changes
that
could
further
affect
privacy.
The
future
of
ZCash
may
need
to
lean
more
towards
decentralized
exchanges
and
wallets,
which
our
ZCash
Wallet
will
continue
to
support.
Node
Updates
Zcash
(ZEC)
v5.10.0
The
latest
Zcash
update
introduces
support
for
Network
Upgrade
6
(NU6)
on
Testnet,
with
a
planned
upgrade
needed
soon
for
Mainnet.
This
release
also
improves
RPC
method
handling
and
enhances
platform
support
by
dropping
outdated
operating
systems
like
Debian
10,
which
no
longer
meets
our
security
standards.
Security
patches
from
recent
vulnerabilities
disclosed
by
the
Bitcoin
Core
security
team
have
also
been
implemented
to
enhance
node
safety.
Horizen
(ZEN)
v5.0.4
This
update
extends
the
deprecation
height
of
previous
versions,
ensuring
a
smoother
transition
for
users
to
newer,
more
secure
versions
of
the
node
software.
It’s
critical
for
all
nodes
running
on
Mainnet
to
update
before
the
set
deprecation
block
height
to
maintain
network
integrity
and
security.
Ergo
5.0.22
Ergo’s
update
enhances
query
functionalities
for
blockchain
transactions
and
fixes
duplicates
in
transaction
results,
improving
the
reliability
and
accuracy
of
data
retrieval
within
the
network.
Pyrin
Unsuccessful
Update
The
Pyrin
network
aimed
to
undergo
a
significant
update
with
version
0.14.2.3,
which
was
designed
to
enhance
network
performance
by
increasing
the
block
speed
from
1
block
per
second
to
10
blocks
per
second.
This
ambitious
update
was
intended
to
improve
network
throughput
and
scalability,
supporting
a
higher
volume
of
transactions
and
reducing
latency
for
Pyrin
users.
Unfortunately,
the
update
did
not
proceed
as
planned.
Despite
all
mining
pools
updating
to
the
new
version,
the
network
faced
severe
stability
issues.
The
rapid
increase
in
block
speed
led
to
multiple
chain
splits,
indicating
a
lack
of
consensus
among
the
nodes.
This
resulted
in
repeated
disagreements
on
the
valid
chain,
which
fragmented
the
network
and
caused
significant
disruptions
for
users
and
miners
alike.
The
Pyrin
development
team
responded
by
reverting
some
of
the
newly
created
blocks
to
stabilize
the
blockchain.
They
rolled
back
to
the
previous
stable
version
of
the
node
software
(version
0.14.5),
which
maintains
the
block
speed
at
1
block
per
second.
This
action
was
necessary
to
restore
the
operational
stability
to
the
Pyrin
network.
Currently,
the
network
is
operating
fine
and
the
mining
is
going
on.
Miners
should
remain
alert
for
announcements
regarding
new
updates
that
will
incorporate
lessons
learned
from
this
experience.
Karlsen
and
KASPA
Reward
Reduction
Karlsen
(KLS)
Reward
Reduction
Following
the
Karlsencoin
Tokenomics,
the
block
reward
for
Karlsen
has
been
reduced
from
41.60
KLS
to
40.45
KLS
as
part
of
our
emission
schedule.
KASPA
(KAS)
Reward
Reduction
In
line
with
the
KASPA
EMISSION
SCHEDULE,
the
block
reward
has
decreased
from
97.99
KAS
to
92.49
KAS.
We
urge
miners
to
update
their
strategies
accordingly.
All
changes
are
now
reflected
in
our
2CryptoCalc
for
accurate
mining
profitability
calculations.
Stay
connected
with
us
through
X
and
join
our
Telegram
miner
community
for
the
latest
updates
and
support.
Your
success
in
mining
is
important
to
us,
and
we’re
here
to
support
you
every
step
of
the
way.
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