On June 28th, Horizen announced that the community recently approved ZenIP 42204 to abandon the shielded pool of the Horizen main chain. After the deprecation, all privacy functions will be deleted from the Horizen main chain at the consensus level. After this change, ZEN will no longer Another privacy coin. Horizen stated that the purpose of the deprecation is to ensure that Horizen uses privacy technology in a correct and sustainable manner to mitigate regulatory threats. Horizen said the current regulatory environment poses challenges to the accessibility and adoption of privacy cryptocurrencies.
The deprecation of the shielded pool on the Horizen main chain will be implemented as part of the upcoming ZEN4.1 mandatory software upgrade, the testnet will be deprecated in August, and the mainnet will be deprecated in September.
The deprecation of the shielded pool on the Horizen main chain will be implemented as part of the upcoming ZEN4.1 mandatory software upgrade, the testnet will be deprecated in August, and the mainnet will be deprecated in September.