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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...

A recently organized team of researchers, the ​​Special Mechanisms Group (SMG), demonstrated Thursday how to take advantage of a facet of the proposer-builder separation market to force through an Ethereum block containing just one transaction : theirs. Proposer-builder separation (PBS) is intended to increase censorship-resistance by separating the roles of block builders and block proposers in the more-or-less unceasing Ethereum blockchain. But the group found a way to use the feature to make a very public point. Loading Tweet.. The block’s lone transaction embedded a URL to a presentation and research paper on SMG’s website, describing the problem and proposing potential ways to address it. Reactions were decidedly mixed. Ryan Berckmans, a former software engineer at Augur, was among many who pointed out that Ethereum’s gas fee market would make it difficult to delay transactions using this method for long, but noted it did reveal certain problems in the way some applicati...