Zakura claims 14x faster proof generation for Zcash private transactions

·1 views

Blockchain startup Zakura has developed a new cryptography stack aimed at dramatically speeding up private transactions on the Zcash network. The technology reportedly makes mobile proof generation more than 14 times faster than current methods. This improvement would reduce transaction wait times from roughly three seconds to under 200 milliseconds. The advancement targets one of the most significant friction points users encounter when sending private ZEC. Faster proof generation could make Zcash's privacy features more practical for everyday mobile use.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

September Fed Rate Hike Probability Sits at 58%, Far Below Feared 90%

Market fears of a Federal Reserve interest rate hike in September appear exaggerated, with current probability estimates sitting at just 58%. This is significantly lower than the 90% figure that had been circulating among concerned investors. Despite a hawkish speech delivered by Fed official Kevin Warsh on Friday, market odds of tightening have not surged dramatically. Financial observers and analysts are urging calm, downplaying the likelihood of imminent monetary tightening.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Cronos blockchain paused after $75M exploit targets lending protocol Tectonic

The Cronos blockchain was temporarily halted by its validators following a $75 million exploit on Tectonic, a decentralized lending application built on the network. An attacker allegedly manipulated the price of Tectonic's TONIC token, driving its value up approximately 100 times its original price. The inflated TONIC tokens were then used as collateral to borrow substantial real assets from the protocol. Cronos validators chose to pause the network in response, leaving a significant portion of funds inaccessible. The incident highlights ongoing risks around thinly traded tokens being used as collateral in decentralized finance platforms.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin holds steady as U.S.-Iran tensions lift oil and pressure stocks

Bitcoin showed resilience amid the latest escalation in geopolitical tensions between the U.S. and Iran. While traditional markets reacted negatively, with stocks falling and oil prices rising, Bitcoin remained largely unmoved. The cryptocurrency has maintained its position as August's best-performing asset despite the turbulent backdrop. The divergence highlights Bitcoin's growing reputation as a potential hedge against geopolitical uncertainty. The contrast in asset performance has drawn attention from investors monitoring safe-haven behavior across markets.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Saylor Hints at New Bitcoin Buy as BTC Rebounds Toward $79,000

Michael Saylor, executive chairman of Strategy, has hinted at a potential bitcoin purchase, which would be the firm's first acquisition in roughly two months. The signal comes as bitcoin rebounded from a low recorded on Friday, with its price approaching the $79,000 mark. Strategy's overall valuation has expanded alongside the price recovery, reflecting the company's heavy bitcoin holdings. Bitcoin dominance — its share of the total crypto market capitalization — also climbed above 60% during this period, indicating renewed investor preference for the leading cryptocurrency.

0 comments Read more at CoinDesk