It is neat because of the forward camptibility and that some users are just hopeless or even donât want to know about any technical aspects and that shouldnât be an excluding factor to be able to adequately use Zcash but it doesnât alleviate the need for some users to at least have a modicum of understanding about underlying value pools so as a âcomplimentary featureâ it sounds great but âno more native addressesâ seems excessive
Great video. One small criticism though: I think âbackward compatibilityâ is a better word than âfuture-proofâ.
Your current UA will continue to be supported in future wallets but to benefit from future advances in crypto, you will need to upgrade your UA.
Great job on simplifying Unified Addresses!
Thatâs the whole point of UA, you never need to change your address which makes it future proof! As this is where the autoshielding/sending ZEC to the most-recent-supported-pool-on-client happens.
Thatâs not correct. The autoshielding happens when you upgrade your UA in a more recent wallet.
Suppose that UA were released before halo. Your UA would include (yellow) transparent and (green) sapling (I donât know why they omitted sprout in the video).
Now (blue) orchard addresses are invented but you donât change your UA address.
You give your UA to a new wallet. This wallet cannot auto migrate your coins since your UA does not include a blue address. Therefore you need to change your UA address if you want to have the latest feature.
The plan is to release UA after orchard.
And as far as I understand, the UA doesnât need to know your new shielded address as your client will identify both UA and the latest shielded pool(post orchard) and the client will make the auto shielding, transferring ZEC from UA based transparent/shielded pool to the post orchard pool address. But this is way in the future, for now, the 3 in 1 UA should be the standard for a long time.
Yeah. I said âSuppose that UA were released before haloââŚ
How can it be possible? The client does not know your post orchard pool address since you donât have one yet. It can regenerate one but thatâs a new UA: Same format but new content.
Right, but this is like saying âitâs future proof for a long timeâ. For me, future proof means âgood as long as zcash existsâ not âgood as long as it remains the sameâ.
The fact that there is so much confusion around this feature is not a good sign. âUniversalâ comes with some expectations. Iâm afraid this expectations arenât going to be met and it will lead to disappointment from users. I think they should have called it âaddress cardâ because it sounds like a âbusiness cardâ.
A business card contains several contact info, i.e. home phone, work phone, email, fax, etc. A person who wants to reach you will chose the best method based on what technology he has available. Itâs pretty much the same with the UA.
This is very interesting. Zcash is always improving and implementing cryptography with secure, professional-grade code.
How does this effect Sprout coins?