Charles Hoskinson Commends the Release of Network 5.0.0

Charles Hoskinson commends Z-Cash for their latest innovative roll-up in the industry as they release the Network 5.0.0. The NU5’s mainnet initiation will take place on May 31st. It will occur at a block level of 1687104 after they halt their 4.6.0-2 and 4.7.0 releases on May 16th. Zcash’s most significant network improvement is launching Orchard’s protected payment protocol. This is some of the most impressive work in the industry. It's a roll up of lots of state of the art ideas and the result of years of effort https://t.co/lM0C3PWSxQ — Charles Hoskinson (@IOHK_Charles) May 17, 2022 It will remove the reliance on complicated setup procedures. Digital cash payments are now available for the first time with this upgrade’s efficiency. With Halo, it will open the door to improved interoperability to private cross-chain proofs to get unlocked at scale. NU5 Preparedness External security audits by NCC and QEDIT have been part of the upgrade’s thorough review process, including a detailed specification evaluation. Additionally, Mary Maller reviewed the Halo 2 security evidence and protocol, finding no problems with its security. ECC will address Mary’s observations and recommendations in the coming weeks. On broadened PLONK-based protocols, it’s the first formal proof provided for the polynomial dedication scheme. It depends on the internal product justification and the first zero-knowledge demonstration for a generic PLONK-based ...