Privacy Update Forwarded by Justin Sun of TRON [TRX]

Bitcoin Private (BTCP), ZCash (ZEC), Monero (XMR) are some of the coins which are known to provide the end-to-end data encryption. TRON, too is deciding upon implementing zk-SNARTKs during the first quarter of the the year 2019. Justin Sun does not want to lag behind in this part from his side, he says. This would help users trust TRON more than ever and if he gets lucky enough, he would be seeing TRON climb the succees tree with double the speed what it is now inspite of the slow down of the crypto verse.

Justin Sun had taken to discuss the other developmemnts and integrations that he may be putting into action soon for TRON blockchain. He also kept his opinion about BitTorrent in the industry. He explicates that the websites and the search engines that monetize user data can affect the users’ privacy at different stages with various levels of vulnerability. Justin Sun says:

“[People] don’t want their privacy stored by Facebook or Google because those people can more easily manipulate the data so they can push ads to you. You don’t want to share those date with them. That’s why I think the decentralized way becomes a good way to do that ànd limit how much data you are required to share].”

With the inclusion and implementation of the zk-SNARKs into the TRON network, both the blockchain platform and the virtual currencies can be operated without any threat.

Justin opines:

“In the future, if you want these private transactions and a private address, we can make sure… they cannot see you and the transaction can be untraceable.”

zk-SNARKS has the supreme power to encrypt transactions-related sensitive data. It is thus, rightly called zero-knowledge proofs and is used in many different privacy concerning projects and cryptocurrency markets.

However, Justin Sun cautions that not all the transactions would be private. Infact, it would be upto the users whether they want their transaction procedure to be carried out under such a privacy policy. Refering to this, ZCash has had informed that if zk-SNARKS is not used aptly while transactions, there might be a reduction implemented upon certain kinds of transactions.

A Chrome extension called TronPay Wallet on 9th of November 2018 which allows TRX users to make transactions directly to Google Chrome. It was developed efficiently by TRON community developer DAppPlay. Justin Sun tweeted:

“Developed by #TRON community developer DAppPlay, TronPay Wallet was officially launched. TronPay is a Chrome extension wallet that supports the TRON network.Available in multiple languages, TronPay users can easily try out TRON.”

TRON has proved thattheir network is capable enough to handle a significant amount of transactions and accounts. The Tron network is able to reach 2,000 transactions per second (TPS). Ethereum, instead, can reach 25 TPS. Bitcoin, clearly behind, is able to handle between 3 to 6 TPS.

At the time of reporting, TRON has been trading at $934,762,916, being priced at $0.04132 at a circulating supply of 66,144,414,364.

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