In a 2021 weareclario report, companies like Uber and Meta were found to harvest between 56.41% and 79.49% of their users’ personal info. Zcash is one of the leading digital currencies that looks to claw back some measure of privacy. PrivacyWeek
Halo eliminated the need for a trusted setup and the “cryptographic toxic waste that went with it.“Halo allows a user to both prove that no one involved in the initial establishment of a large-scale, zero-knowledge proof system has created a secret backdoor with which to later amend the code and that that secure state has existed over the course of ongoing updates and changes to the system.
Halo 2, announced in 2020, iterated on Halo by using PLONK, a novel z-SNARK, rather than “Sonic” to verify transactions. PLONK is more efficient than Sonic, and would better enable further scaling of Zcash as well as move it closer to being able to eliminate a trusted setup. FlyClient provides a more efficient method for “light-client block-header verification” or verifying the blocks on a blockchain, and could increase the utility and market for Zcash. FlyClient enables light client use-cases and a class of cross-chain interoperability efforts like tZEC, an Ethereum-compatible ZEC token.at the tail end of 2020, triggering a cut in miners’ block rewards from 6.25 ZEC to 3.
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