- TRON begins beta-trials for shielded transactions to boost user safety
- CEO Justin Sun asks dev teams on GitHub to contribute to the testing
- Shielded transactions on the Tron testnet will be made possible by zk-SNARKs
On December 17, 2019, TRON CEO Justin Sun announced the beginning of beta-trials for shielded transactions, which hide user and receiver’s addresses.
In a series of tweets, Justin Sun announced that Tron has begun testing shielded transactions for TRX users. These transactions will hide the addresses of the sender and the receiver, the transacted amount, and the transaction input/output.
Sun added that the testing phase is highly scalable. Thus the more developers can participate, the better. He invited developer teams to contribute to the project on GitHub or email Tron for further information.
This latest test comes shortly after TRON Foundation revealed it had developed a consensus module for one-click blockchain deployment, along with optimized parallel signature verification for smart contracts.
TRON has time and again proved its dApp dominance, with the platform recording over 239,900 daily users and hosting upwards of 567 dApps on its network.
About 8.63 million transactions have so far been recorded on the network with a transaction volume of more than $75.33 million.
Furthermore, TRX has been already listed on numerous crypto exchanges and is currently awaiting listing on Binance.US.
Anonymous Transactions to Be Powered by Zk-SNARKs
The implementation of anonymous transactions on the TRON testnet will reportedly be made possible by zk-SNARKs (zero-knowledge Succinct Non-Interactive Arguments of Knowledge), the technology previously conceived by Zcash developers.
The cryptographic technique employed on zk-SNARKs makes transactions completely anonymous, as network transactions can remain encrypted using zero-knowledge proofs. Therefore, those responsible for applying the consensus rules do not need to know all the data contained in a transaction.
Head of TRON public chain, Marcus Zhao, tweeted on November 18 about the plan to implement anonymous transactions on the network. He said:
“#TRON Good news, we have almost finished the anonymous transaction on Tron network. We also build a test net, and anyone interested can test it. The test net is below, have a try, and welcome more feedback. http://testnet.tronex.io.”
How Anonymous Transactions Work
The newly introduced proofs, since they are succinct, can be verified quickly, and there is little or no interaction between the prover and the verifier. As such, a dishonest prover has a very low probability of success in deceiving the system, although, in theory, it is possible to create false proofs if the prover had enough computing power.
Finally, it is not possible for the prover to process a new test without actually possessing the knowledge to support his claim.
Therefore, in the TRON network, the sender’s address and recipient, as well as the amount transferred, will be confidential.