The developers behind the privacy-oriented Zcoin wallet have just released a new version that is supposed to take privacy to an even higher level.
According to the press release, the new wallet will integrate more seamlessly with Zcoin’s infrastructure and allow users to use onion routing (known colloquially as “TOR) for account authentications.
Zcoin’s official announcement notes that one of the security fixes depends on a hard fork that will happen on block 78500 in approximately two weeks.
The new wallet application should allow users to configure a TOR proxy directly instead of having to “hook” onto the program (as they usually would) by using certain onion routing applications like AdvOR, which can get buggy in some instances.
“We believe that update marks a major milestone in locking down Zcoin's fundamentals and privacy. With this implementation, Zerocoin will work even more smoothly with code which is easier to audit. There are a few more changes that will be noted by users, like re-index time, which is 7-8 times faster now and verification time per spend, which has decreased by integrating additional data in a spend transaction. Some bugs have been squashed as well,” said Reuben Yap, COO of Zcoin.
Mobile users will not be affected by the update since the official Zcoin wallet is designed to run only on desktop-based systems.
It seems that the strongest selling point of this update is the TOR integration although users will also be able to enjoy faster transaction speeds and a couple of bug fixes.
However, not all is rosy in the world of privacy coins. A recent event involving Zcoin has reminded us that human error continues to be a significant reason why people experience breaches and losses.
In mid-December last year, a Zcoin user was scammed out of $70,000 after someone convinced the person to transfer 1,000 XZC while purportedly helping with the setup of a Znode.
While it’s great to see developers keep the security of their applications tight, users must also make sure they don’t get complacent when using technologies.