TRONZ Foundation, a team of TRON (TRX) community developers, is currently working on the largest privacy protocol dubbed Multi-party Computation (MPC) Torch, to set a new Guinness world record and place blockchain technology in the consciousness of the masses, according to a blog post on January 17, 2020.
TRONZ Foundation Creating Largest Privacy Protocol
Per the publication, TRONZ Foundation’s upcoming privacy protocol is the largest MPC project, and it will set the height for blockchain at the frontline of the world’s most advantaged technology.
According to Tron, the MPC project has become popular and garnered a lot of attention and it’s on the verge of creating a new Guinness World Record for itself, as the largest MPC.
Also, TRONZ’s goal is to enhance the security and credibility of the project by utilizing ZK-SNARKS-based (zero-knowledge succinct non-interactive arguments of knowledge ) anonymity.
And at the same time, provide a set of fair and reliable parameters for worldwide use.
TRONZ Completes Deployment, to Launch Anonymous Transaction on MainNet
Accordingly, the team has completed the deployment of the public testing and Testnet for an anonymous transaction, and this transaction will be launched on the MainNet soon.
“Tronz is currently working on the MainNet MPC process and will launch the MPC Torch Project around this MPC process. The project seeks to utilize zk-SNARKS-based anonymity to reshape the Internet,” the team said.
Tron further revealed that the MPC is a technology that enables different parties to hide their individual inputs while carrying out a joint computation using these private inputs. As such, the participants can only see the results of their computation, which helps to protect data privacy and security.
Also, it ensures that those who have trust issues in transacting in joint computation can still do so without exposing the inputs they have.
The team says there are two phases of the MPC project, where the first phase, Genesis, involved the Zcash’s foundation implementation of the MPC parameter generation process in 2018.
Exodus, as the second phase, involved the launch of the TRONZ MainNet MPC Project earlier this year, and the entrance of eight technology enthusiasts as participants.
The team claims TRONZ, is a team of community developers made up of people with masters or doctoral qualifications in cryptography and computer science from renowned universities worldwide.
In related news, on January 14, 2020, BTCManager reported that Tron is working on a secret project that could attract 100 million users to the BitTorrent (BTT) and Tron (TRX) ecosystem.
At press time, the price of TRON (TRX) is the 11th largest cryptocurrency in the world, with a price of $0.017682 and a market cap of $1.18 billion, as seen on CoinMarketCap.
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