Zcash Launched Version V5.5.0, Introducing A Proportional Fee Mechanism
According to a statement by Zcash’s creator, Electronic Coin Corporation, Zcash, a crypto privacy technology, has released version V5.5.0. This version has corrected many problems and implemented a proportional fee structure, which may aid in the future resolution of the problem of heavy transaction load on the blockchain. A proportional fee system is a scheme that guarantees transaction fees accurately reflect the processing expenses needed for completing certain transactions.
Zcash is a blockchain-based payments network that focuses on privacy by using zero-knowledge proofs (ZKPs) to shield transactions, keeping the contents of a transaction secret even on a public blockchain. Zcash, which arose from the Zerocash protocol, diverged from the Bitcoin network in 2016. ZEC is the ticker sign for its native token. The blockchain is one of the main digital currency blockchains that aims to solve this growing problem and give its users back control and privacy. ZKPs are the result of a cryptographic approach developed in the 1980s. They let two parties verify information with each other without disclosing the underlying data.
Source
https://t.me/DeFi_Ethereum
