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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...

Worldcoin could make it easier to create digital identities for people worldwide. And even if it fails, more projects like it are coming. All eyes have been on Worldcoin (WLD) since the July 24 launch of its “World ID” system. The issues associated with the launch have been well reported at this juncture. They include possible onboarding security risks along with Worldcoin’s use of biometric data, which is now under investigation by governments in several countries — including the United Kingdom, France and Argentina. In the tech industry, where many of the most significant innovations of the past few decades have occurred, there is often a tension between the drive to innovate and the need to consider ethical implications. As technologies like machine learning, facial recognition and big data analytics become more advanced, the ethical stakes also rise. In some cases, criticism from external analysts, journalists or ethicists can actually lead to positive outcomes by encouraging comp...

The network previously allowed users to post on-chain messages but only in an unencrypted, completely public way. The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  TON Foundation Introduces Encrypted Transaction Messageshttps://t.co/HXKtk0gxKC pic.twitter.com/0z1z4E5ku1 — TON (@ton_blockchain) July 3, 2023 TON is a blockchain network forked from code created by the Telegram instant messaging app team. Telegram abandoned the project in July 2020, before a mainnet was ever launched. However, it open-sourced TON’s code before leaving, allowing others to continue building upon the work it had done. The current network, called “TON,” was built by the TON Foundation. The foundation claims that the network provides greater scalability and transaction throughput than other options in the Web3 ecosystem while...