Horizen’s ZenIP 42204 Causes Privacy Features Removal from ZEN Coin
Horizen has made a groundbreaking announcement regarding the approval of ZenIP 42204. The decision signifies a significant change as all privacy features of ZEN will be removed at the consensus level. In a blog post on their official website, Horizen highlighted that this move aims to eliminate technical debt and proactively address potential regulatory threats. Consequently, ZEN will no longer retain its status as a privacy coin. The forthcoming deprecation of the ZEN Coin mainchain shielded pools marks a fundamental shift in ZEN Coin’s.
The decision to remove privacy features at the consensus level underscores Horizen’s commitment to streamlining its technology stack and aligning with evolving regulatory standards. By doing so, the platform seeks to address concerns surrounding privacy coins and establish a solid foundation of transparency and accountability. While the removal of privacy features may come as a surprise to some ZEN coin holders and privacy advocates, Horizen emphasizes that this strategic change will enable the platform to better manage technical debt and allocate resources towards further innovation and growth. The company remains committed to the long-term sustainability and development of the Horizen ecosystem.
Source
https://t.me/Crypto_Bitcoin_Blockchain
