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RE: Ethereum: First Metropolis Upgrade in late September

in #ethereum8 years ago (edited)

thanks for your comment.

Masking stands for "Account Abstraction"

according to :
https://themerkle.com/top-3-ethereum-metropolis-changes-to-look-forward-to/?utm_medium=push&utm_source=onesignal&utm_campaign=traffic%20boost&utm_content=extended%20%traffic%boost
this means... :

ACCOUNT ABSTRACTION

It is quite difficult to explain account abstraction without reverting to technical jargon. Account abstraction allows users to “define” their wallet address – of which they own the private key – in the form of a smart contract. This may not sound overly exciting to a lot of non-developers, but there are some benefits to using this new feature. Especially users who take account security very seriously may want to look into this change.

More specifically, this change means private keys used to control an external account would be less susceptible to attacks executed by quantum computers against the signature scheme being used right now. Users can benefit from other security schemes, such as hash ladders. Other than the security changes, account abstraction also allows for contracts to pay for gas. This latter part will take a while to be properly used by the network, as there are no client standards to support this concept right now.

additional explanation here:
https://ethereum.stackexchange.com/questions/18977/what-is-the-ethereum-account-abstraction


Imho Zcash is already irrelevant. (even if this is one of the most significant solutions in the last decades !) zero knowledge proof is a killer application.
privacy is no product, it is an additional tool !

The price of zcash is only good to reward the developers retrospective.


there is no free crypto.
move your assets smart and mindful