Horizen to remove privacy transactions in upcoming hard fork
A major update proposed by Horizen Labs is set to remove shielded transactions from the blockchain network. Horizen, a layer-0 blockchain network, will undergo a scheduled hard fork to remove privacy Features on Sept. 26. According to Horizen’s announcement on X, the latest deprecation has been completed, which means the mainnet is set to remove shielded transactions with the ZEN 4.1.0 update, which will occur at block #1426200 (Sept. 26, 2023). You might also like: Horizen unveils $75k bug bounty program for its sidechain launch The proposal ZenIP-42204 was first introduced by Horizen Labs on GitHub in April 2023. According to Ben Pittman, a senior software engineer at Horizen Labs, the upgrade is needed because shielded transactions make up a “very small percentage of transactions .” Horizen has faced challenges on crypto exchanges due to this feature. “Ultimately Horizen’s vision, that has emerged over several years, relies on a simp...