🚨 Important development in Zcash (ZEC) that may catch traders' attention! 🦅
Zcash developers are working on integrating a new component called Udon into the Zakura Common library. This component was previously developed as part of the Tachyon scaling project.
🎯 The long-term goal set by Tachyon’s leader Sean Bowe and Valar Group is to reach processing of more than 50,000 shielded transactions per second.
⚙️ The idea behind Tachyon involves aggregating proofs from multiple transactions into a single proof. This could reduce the amount of data that Zcash nodes need to receive and verify, thereby improving network efficiency and scalability.
📉 However, in return, ZecStats data shows a decline in the average number of Zcash shielded transactions to around 6,200 per day during the seven days up to September 28, compared to about 11,700 per day in the previous week.
💡 What does that mean for traders?
The technical development in ZEC could be important in the long run if these improvements succeed and are activated on the network—especially in terms of performance, scalability, and the use of shielded transactions.
But ⚠️ Tachyon and Udon have not been activated on the Zcash network yet, so the news alone should not be considered a direct buy or sell signal.
📌 Takeaway:
Infrastructure development could give Zcash a new core narrative in the future, but traders need to monitor the activation timeline, network activity, usage levels, and ZEC price movement before making any trading decision.
🦅 $ZEC
Zcash developers are working on integrating a new component called Udon into the Zakura Common library. This component was previously developed as part of the Tachyon scaling project.
🎯 The long-term goal set by Tachyon’s leader Sean Bowe and Valar Group is to reach processing of more than 50,000 shielded transactions per second.
⚙️ The idea behind Tachyon involves aggregating proofs from multiple transactions into a single proof. This could reduce the amount of data that Zcash nodes need to receive and verify, thereby improving network efficiency and scalability.
📉 However, in return, ZecStats data shows a decline in the average number of Zcash shielded transactions to around 6,200 per day during the seven days up to September 28, compared to about 11,700 per day in the previous week.
💡 What does that mean for traders?
The technical development in ZEC could be important in the long run if these improvements succeed and are activated on the network—especially in terms of performance, scalability, and the use of shielded transactions.
But ⚠️ Tachyon and Udon have not been activated on the Zcash network yet, so the news alone should not be considered a direct buy or sell signal.
📌 Takeaway:
Infrastructure development could give Zcash a new core narrative in the future, but traders need to monitor the activation timeline, network activity, usage levels, and ZEC price movement before making any trading decision.
🦅 $ZEC