Tron (TRX) Tries Out New Privacy Features

Tron made headlines not too long ago when it’s been revealed that together with other projects, it managed to outrank Bitcoin in terms of creativity and tech ability as well.

It’s been recently reported that a new crypto ratings index from China’s Center for Information and Industry Development (CCID) is out.

This index is sponsored by the government, and it ranks the top crypto assets based on three key factors – tech, applicability, and creativity.

Tron was among the projects that were really appreciated, and Justin Sun tweeted a chart on his social media account, which you can see below. He received really positive feedback following the post.

Testing new privacy features

Tron developers are reportedly trying out new features regarding privacy. It’s been revealed that the best test aims to hide the senders’ and receivers’ addresses, transaction amounts, and transaction inputs and outputs.

CEO Justin Sun explained which tokens in the ecosystem will be affected.

“Great to see that TRON community developers have released the privacy feature that is the key to shielded transactions and layer-2 extension, which has entered testnet,” Sun said.

He continued and explained that “Everyone will be able to issue privacy-enhanced TRC10 and TRC20 tokens in the future, though they are not backward compatible. Existing tokens such as $TRX, $BTT and $WIN will not be able to incorporate this feature, and their transaction ledgers will continue to be public.”

Sun received positive feedback following this piece of news as well.

A follower said: “#TRON started testing shielded transactions using zk-SNARKs on the #TRON #Blockchain. The technology will hide both the recipient, sender, and transaction amount on the public blockchain. Privacy is a wonderful feature, always.”

Another fan posted this: “Thank you @justinsuntron for this Info and Thank you to all devs who contribute on the development of #TRON #Blockchain. Because of you guys, the test is made it possible with your help Thumbs up for all devs and to all teams who make it happen.”


People Mentioned

Justin Sun

Founder of TRON (TRX)

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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