With reference to an earlier official release on January 6, Firo (earlier Zcoin) has activated Lelantus on its mainnet. The protocol went reside on block 336888 and introduces “on-by-default” privacy to the network. Therefore, transactions between official Firo wallets will keep private by default.
Speaking on the new enhancement, Firo’s steward, Reuben Yap, explained that the milestone was a significant a single in blockchain privateness given that it deploys the best degrees of “practical privateness devoid of compromising on trustlessness.”
The zero-know-how proofs utilised in Lelantus use well-recognized cryptographic assumptions, and do not need a trusted setup, and use a simple, intuitive design.
Lelantus employs a melt away-and-redeem framework to accomplish privateness. Customers are allowed to burn up any number of cash, including partial coins. Coins can thereafter be redeemed utilizing a unique receipt that is issued when the cash are burned.
As a testomony to its higher utility, Firo claims that its Lelantus protocol has obtained accolades from cryptographers and blockchain developers for staying intuitive and straightforward-to-use. Its innovation also opened the doorway to a new family members of privateness protocols such as Lelantus-MW by Beam and Triptych by Monero Investigate Labs.
In comparison with other protocols this kind of as Zerocoin, Sigma, and RingCT, Lelantus scales nicely and has been ready to decreased transaction verification moments to a lot less than 15-50 ms.
Pertaining to what the foreseeable future retains, Yap said that perform is nevertheless ongoing. Firo will do the job in the direction of releasing a gentle wallet aid of Lelantus and help immediate nameless payments.
Credit: Supply connection