Sirlibz
Justin Sun, CEO of The TRON FOUNDATION has announced the release of TRON 4.0 protocol with TRONZ Smart Contract Privacy Protocol as an integral part of it. The 4.0 protocol is expected to be released on the 7th of July, 2020 after nearly a year of development. This will be the first time a zk-SNARKs is being implemented on a smart contract powered blockchain.
They have completed public tests on shielded transactions, deployed testNet and have also implemented instructions for the Zero-knowledge protocol zk-SNARKs.
The TRONZ Foundation adds privacy as an option to open or transparent transactions, they pointed out in their published medium article that TRX transactions will still be transparent and not anonymous in any way even after the upgrade to TRON 4.0. This is because TRON is working on having a safe public chain that complies with global regulations and policies.
HOW TO USE THE SHIELDED PROTOCOL ON TRON
All TRC-20 standards tokens whether issued or not on TRONS blockchain will be supported by the TRON 4.0 Smart contract upgrade.
Developers can adopt the privacy features that come with the new upgraded protocol by simply implementing the Smart contract.
The TRONZ Foundation do not plan on issuing any tokens on this contract, since they have adequate funds and active developers on board. The Foundation however has decided to make the TRONZ Smart Contract Privacy Protocol full open-sourced, they also plan on dedicating sufficient capital to help develop the TRON Community.
TRX vs ETH
Some might argue that there exist a competition between these projects as we have both CEOs have some word fights over the years, one of those was when Trons Dapps were used more than that of Eths.
This has created some bit of division between supporters of these 2 great projects. ETH plans to launch ETH 2.0 which amongst other things will come with ETH 2.0 Staking allowing stakers earn passive income, also Sharding which will deal with the scalability issues on the Ethereum blockchain.
Last month, on the 23rd, Justin had tweeted a poll which had the question of which was better between TRON 4.0 and ETH 2.0. On the poll TRON won although a lot of users believe Justin had bought votes to win it since ETH was leading initially.
OUR TAKE
The crypto-sphere is quite a big one and large enough to contain a lot of promising projects out there. Whether or not ETH or TRON is better will be decided when both protocols are launched, for us we hope all protocols are utilized for what they offer.
