Horizen: ZEN is no longer a privacy coin, it will be completely removed from the main chain's shielded pool
Horizen tweeted that ZEN is no longer a privacy coin, and has submitted a new proposal, ZenIP 42207, to completely remove shielded pools from the main chain, disable shielded transactions and deactivate all functions of related addresses. Before the ZEND 4.2.0 hard fork in mid-February, users can move assets out of the shielded pool.
In addition, Horizen stated that it is working with the Horizen DAO Special Committee and plans to vote on the ZenIP 42207 proposal before January 8th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More
