Zcash claims 'Successful' first hard fork

26 Jun, 2018
by Joeri Cant
Zcash claims 'Successful' first hard fork

Privacy-focused cryptocurrency zcash successfully executed its first and long-awaited hard fork on Tuesday morning.

According to a blog post by Josh Swihart, marketing director for the Zcash Company, the upgrade, named Overwinter, was successfully activated at block 347500 at 00:42 UTC on June 26.

Swihart explained that the event was helped by the network's first implementation of a two-tiered governance model for such upgrades.

"The first tier is an optional upgrade, which aims to remove chaos introduced by other governance models where users are forced down a certain path, potentially without their knowledge or consent," he said.

The second tier is "advocacy and education," helping node operators make "well-informed decisions" about future hard forks prior to their execution.

Simon Liu, engineer at Zcash, pointed out to CoinDesk that there was "unanimous support from all parties" for the upgrades.

The Zcash Company also published a proposed two-year roadmap, wich would directly research into "privacy-by-default," Swihart wrote in a separate post.

Zcash is now preparing for its massive Sapling hard fork, currently scheduled to occur in October.

Follow Chepicap now on Twitter, Telegram and Facebook!

Read more about: Zcash (ZEC)


Are you a believer in Zcash?

(13 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage