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Zcash’s Latest Software Release Goes Live
Version 5.5.0 is part of an effort to “deliver a solid and reliable user experience.”
Zcash, the popular privacy-focused blockchain, released a new version of its full node software on Thursday, according to a post by its creator, Electronic Coin Company (ECC).
New release: zcashd 5.5.0 is available now.
— Electric Coin Co. (@ElectricCoinCo) April 28, 2023
✅ Bug fixes, etc.
✅ Proportional fee mechanism
✅ Lays the foundation for fund availability featureshttps://t.co/2FijpJVjPp
STORY CONTINUES BELOW
The software version 5.5.0 introduces several bug fixes, proportional fee mechanism and lays the groundwork for useful functionality in the future.
Proportional fee mechanism is a policy that ensures fees paid for transactions fairly reflect the corresponding processing costs incurred for executing those transactions. A key upcoming feature is fund availability, which gives Zcash users the ability to spend funds before a wallet is fully synchronized.
“The Zcash protocol continues to be our primary focus at ECC, as we work to exit ‘Emergency Mode’ and deliver a solid and reliable user experience,” the post states.
At the time of writing, Zcash's ZEC token was up 2.15%.
Read more: New Privacy Blockchain Namada Proposes First-Ever Shielded Airdrop to Zcash
Frederick Munawa
Frederick Munawa was a Technology Reporter for Coindesk. He covered blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks. Prior to his work in the blockchain space, he worked at the Royal Bank of Canada, Fidelity Investments, and several other global financial institutions. He has a background in Finance and Law, with an emphasis on technology, investments, and securities regulation. Frederick owns units of the CI Bitcoin ETF fund above Coindesk’s $1,000 disclosure threshold.
