Re: [ANN][ZANO] New Sources|1st ProgPowZ|PoW/PoS Hybrid|Scalable|Private|Contracting
⭐ Merited by gigabyted (50)
Hey folks!
We are very excited to announce three major updates on the progress we have made over the last several months. We have gone into detail here in the medium article (https://medium.com/@zano_project/zano-dev-update-auditable-wallets-mobile-app-release-and-new-team-member-e86bd2eb87de) but in short these are the 3 main points:
*First of all - We have a new GUI release v1.1.7.96, which includes Auditable wallets! Now in Zano it is possible to create special type of wallets - auditable wallets. This wallets let you share special information about that wallet, we call it "tracking seed", and with this information third party is capable to follow wallet transactions and balance. Now public funds got powerful tool for sharing it's financial status and prove consistency.
*Secondly, we have launched the Zano Mobile Wallet, now officially available in Apple Store and Google Play! We’ve spent the last few months developing our own mobile application and our own server protocol from the ground up. We conducted a thorough beta testing of the application (thanks to the community volunteers), and we hope that we have fixed all the bugs, but nevertheless, we ask you to use the application guardedly in the first month and not transfer all your assets to it. Very IMPORTANT(!!!): always write down the seed phrase after creating a new wallet. Feel free to report any problems to our discord channel #mobile-bug-reports or to the channel https://www.reddit.com/r/Zano/ or to our mail: support at our domain.
*And finally — the hottest and most exciting news we want to share is mathematician researcher Anton Sokolov has joined the Zano team! Anton is a nuclear physicist by education, most of his professional life he was engaged in software engineering and various research for IT projects related to mathematics.
We’ve been in touch with Anton for the last couple of years, sharing discussions of blockchain-related technologies and global events in the industry. In the fall of last year, Anton made several publications regarding the theoretical possibility of implementing auditable wallets in his blog, we have mentioned some of them in this article. For the last months Anton has been working on theoretical work dedicated to log-size ring signatures. This signatures theoretically allows for a logarithmic relationship between the number of decoys and the size/performance of transactions. This means that we can set mixins at a level from up to 1000, keeping the reasonable size and processing speed of transactions. This level of anonymity set will allow us to take Zano’s privacy to a whole new level, and we believe this technology will turn out to be groundbreaking!