{"id":4935,"date":"2024-09-02T13:03:43","date_gmt":"2024-09-02T13:03:43","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=4935"},"modified":"2024-09-02T13:03:43","modified_gmt":"2024-09-02T13:03:43","slug":"august-2024-work-progress-report-zec-new-address-type-node-updates","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/august-2024-work-progress-report-zec-new-address-type-node-updates\/","title":{"rendered":"August 2024 Work Progress Report: ZEC New Address Type, Node Updates"},"content":{"rendered":"

This August, our updates focus on a significant shift in Zcash address protocols and essential node updates across our supported cryptocurrencies to enhance network efficiency and security. Below are the details on these developments.<\/p>\n

<\/p>\n

\"August\"<\/p>\n

We Now Support Payout to TEX Addresses<\/h2>\n

As the cryptocurrency landscape evolves, so do the requirements for transaction transparency and regulatory compliance. Recent developments have led to the introduction of ZCash TEX addresses, particularly in response to increased regulatory scrutiny. Binance and other exchanges have started requiring transactions from transparent addresses, prompting the adoption of TEX addresses that comply exclusively with these types of transactions.<\/p>\n

\"\"<\/p>\n

ZCash TEX addresses are designed to only accept funds from Transparent Addresses, not from Shielded Addresses. This means users must first transfer funds from Shielded to Transparent Addresses before sending to a TEX address. The introduction of TEX addresses (defined in ZIP 320) aims to meet exchange requirements without completely sacrificing user privacy. The push for TEX addresses comes from increasing regulatory pressures that demand more transparency in transactions, especially from platforms like Binance that threaten to delist cryptocurrencies that do not comply.<\/p>\n

Do ZCash TEX addresses decrease privacy?<\/strong> For users prioritizing privacy and already using Shielded Balances, the impact is minimal. The design of our ZCash Wallet aims to minimize privacy loss and prevent tracking through metadata, although these addresses do increase the potential for node operators to correlate transaction data.<\/p>\n

\"\"<\/p>\n

Is ZCash still regulatory compliant with TEX addresses?<\/strong> While TEX addresses meet current regulatory demands without significantly compromising privacy, they represent only the beginning of potential regulatory changes that could further affect privacy. The future of ZCash may need to lean more towards decentralized exchanges and wallets, which our ZCash Wallet will continue to support.<\/p>\n

Node Updates<\/h2>\n

Zcash (ZEC) v5.10.0<\/h3>\n

The latest Zcash update introduces support for Network Upgrade 6 (NU6) on Testnet, with a planned upgrade needed soon for Mainnet. This release also improves RPC method handling and enhances platform support by dropping outdated operating systems like Debian 10, which no longer meets our security standards. Security patches from recent vulnerabilities disclosed by the Bitcoin Core security team have also been implemented to enhance node safety.<\/p>\n

Horizen (ZEN) v5.0.4<\/h3>\n

This update extends the deprecation height of previous versions, ensuring a smoother transition for users to newer, more secure versions of the node software. It’s critical for all nodes running on Mainnet to update before the set deprecation block height to maintain network integrity and security.<\/p>\n

Ergo 5.0.22<\/h3>\n

Ergo’s update enhances query functionalities for blockchain transactions and fixes duplicates in transaction results, improving the reliability and accuracy of data retrieval within the network.<\/p>\n

\"\"<\/p>\n

Pyrin Unsuccessful Update<\/h3>\n

The Pyrin network aimed to undergo a significant update with version 0.14.2.3, which was designed to enhance network performance by increasing the block speed from 1 block per second to 10 blocks per second. This ambitious update was intended to improve network throughput and scalability, supporting a higher volume of transactions and reducing latency for Pyrin users.<\/p>\n

Unfortunately, the update did not proceed as planned. Despite all mining pools updating to the new version, the network faced severe stability issues. The rapid increase in block speed led to multiple chain splits, indicating a lack of consensus among the nodes. This resulted in repeated disagreements on the valid chain, which fragmented the network and caused significant disruptions for users and miners alike.<\/p>\n

\"happy_miner\"<\/p>\n

The Pyrin development team responded by reverting some of the newly created blocks to stabilize the blockchain. They rolled back to the previous stable version of the node software (version 0.14.5), which maintains the block speed at 1 block per second. This action was necessary to restore the operational stability to the Pyrin network.<\/p>\n

Currently, the network is operating fine and the mining is going on. Miners should remain alert for announcements regarding new updates that will incorporate lessons learned from this experience.<\/p>\n

Karlsen and KASPA Reward Reduction<\/h2>\n

Karlsen (KLS) Reward Reduction<\/h3>\n

Following the Karlsencoin Tokenomics, the block reward for Karlsen has been reduced from 41.60 KLS to 40.45 KLS as part of our emission schedule.<\/p>\n

KASPA (KAS) Reward Reduction<\/h3>\n

In line with the KASPA EMISSION SCHEDULE, the block reward has decreased from 97.99 KAS to 92.49 KAS. We urge miners to update their strategies accordingly.<\/p>\n

\"miner\"<\/p>\n

All changes are now reflected in our 2CryptoCalc<\/a> for accurate mining profitability calculations.<\/p>\n

Stay connected with us through X<\/a> and join our Telegram miner community<\/a> for the latest updates and support. Your success in mining is important to us, and we’re here to support you every step of the way.<\/p>\n","protected":false},"excerpt":{"rendered":"

This August, our updates focus on a significant shift in Zcash address protocols and essential node updates across our supported cryptocurrencies to enhance network efficiency and security. Below are the details on these developments.<\/p>\n","protected":false},"author":4,"featured_media":1846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nAugust 2024 Work Progress Report: ZEC New Address Type, Node Updates - Crypto Mining Blog<\/title>\n<meta name=\"description\" content=\"This August, our updates focus on a significant shift in Zcash address protocols and essential node updates across our supported cryptocurrencies to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/2miners.com\/blog\/august-2024-work-progress-report-zec-new-address-type-node-updates\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/2miners.com\/blog\/august-2024-work-progress-report-zec-new-address-type-node-updates\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/2miners.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"August 2024 Work Progress Report: ZEC New Address Type, Node Updates\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"August 2024 Work Progress Report: ZEC New Address Type, Node Updates - Crypto Mining Blog","description":"This August, our updates focus on a significant shift in Zcash address protocols and essential node updates across our supported cryptocurrencies to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/2miners.com\/blog\/august-2024-work-progress-report-zec-new-address-type-node-updates\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/2miners.com\/blog\/august-2024-work-progress-report-zec-new-address-type-node-updates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/2miners.com\/blog\/"},{"@type":"ListItem","position":2,"name":"August 2024 Work Progress Report: ZEC New Address Type, Node Updates"}]}]}},"_links":{"self":[{"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/posts\/4935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/comments?post=4935"}],"version-history":[{"count":3,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/posts\/4935\/revisions"}],"predecessor-version":[{"id":4937,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/posts\/4935\/revisions\/4937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/media\/1846"}],"wp:attachment":[{"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/media?parent=4935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/categories?post=4935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/2miners.com\/blog\/wp-json\/wp\/v2\/tags?post=4935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}