June 16, 2024

Justin Sun Announces TRON Shielded Transaction Beta

Justin Sun Announces TRON Shielded Transaction Beta

While global regulators are wary of privacy-focuseddigital currencies, a number of cryptocurrency projects are demonstrating their interest in ensuring privacy and anonymity.

The latest project to join thismovement is TRON. Thus, on December 17, 2019, the creator of the project, Justin Sun, tweeted about the launch of an initiative to beta test shielded transactions that hide the sender and recipient addresses, the input and output of the transaction, and the transaction amount.

According to Sun, shielded transactions use zk-SNARK to ensure anonymity. He noted that zero-knowledge proofs rely on a set of publicly available parameters.

The creator of TRON added that for transparent andTo safely construct these parameters, the project uses a multiparty computing protocol. Reliably protecting this setting can protect your project from malicious attacks.

Finally, Sun stated that TRON beta testing is open to developers and anyone can contribute to the project on GitHub.