YESTERDAY A HARDFORK WAS HELD IN THE ZCOIN NETWORK

On Monday, December 10, at 12:00 GMT (15:00 GMT) the network cryptocurrency Zcoin (XZC) held scheduled hard fork, the purpose of which was “opposition to mining on ASIC-devices”.

The purpose of upgrade is to activate a new algorithm called Merkle Tree Proof (MTP), which has been developed over the past few years.

It is noted that the MTP algorithm provides for increased use of RAM, which significantly increases the cost of mining on ASIC devices and thereby, levels their benefits.

It is stated that hard fork users and operators of the nodes need to upgrade to the latest version of the Zcoin software (0.13.7.4). Earlier versions will continue to work, but the new release not only contains important fixes of various bugs, but also significantly improves the network performance and bandwidth.

In addition, the developers warn that if after the hard fork the user will still have an earlier version of the software, this can lead to incorrect display of balances in the Zcoin wallet.

Znode operators, in turn, will be excluded from the queue and will not be able to receive the reward until they update the software to the latest version.

Focused on the increased privacy of users, Zcoin cryptocurrency is based on the Zerocoin Protocol, the initial release of which took place in December 2015.

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