• Horizon removes privateness from mainchain shielded swimming pools
• As soon as the deprecation takes impact, ZEN will now not be a privateness coin.
• The upcoming deprecation of shielded swimming pools within the Horizen mainchain will happen after the adoption of ZenIP 42204.

Horizon is transferring ahead with plans to take away help for shielded transactions on its mainchain, which can make the native ZEN token now not thought-about a privateness coin.

The blockchain platform introduced Wednesday that the upcoming decommissioning of the mainchain protect pool will proceed after the group approves ZenIP 42204. This variation is anticipated to take impact through a tough fork, which can forestall shielded transactions with clear inputs on the consensus degree.

Abolition of #holizen A shielded pool on the mainchain means privateness options are faraway from the Horizon primary blockchain on the consensus degree.this implies $ZEN After this modification, it’ll now not be a privateness coin. For extra data on upcoming modifications, please go to https://t.co/HSno4RJaqO. pic.twitter.com/GbMMrX9T48

— Horizen (@horizenglobal) June 27, 2023

“After decommissioning the mainchain shielded pool, all privateness options shall be faraway from the Horizon primary blockchain on the consensus degree.This additionally implies that ZEN will now not be a privateness coin after this modification‘ was introduced.

Horizon explains deprecation

In response to the Layer 0 blockchain platform powered by Grayscale, this deprecation is being taken as a step to advertise ecosystem sustainability and development whereas decreasing regulatory threats.

The objective is to make sure that privateness expertise is correctly addressed in a sizzling matter that continues to affect the main privacy-focused cash Monero (XMR), Zcash (ZEC), and Sprint (DASH).

Horizen additionally notes that its protected transactions depend on Sprout, ZCash’s “outdated” privateness expertise. The unique his Zcash launch was deprecated for sapling and flowering, so the platform means that the transition will enable for enhancements and improvements.

The schedule for elimination of the mainchain shielded pool is round August 2023 for the testnet and round September 2023 for the mainnet.