As a part of the Heartwood community improve, Zcash miners and mining swimming pools can have the choice to mine on to a shielded coinbase. ZIP 213 defines modifications to the Zcash consensus guidelines that allow this characteristic.
Shielded coinbase permits Zcash customers to have fully shielded ZEC from its creation. Along with elevated privateness, a substantial profit to shielded coinbase is that miners have the choice of getting their mining rewards issued instantly right into a z-address. For clear coinbase transactions, there’s a normal maturity delay of 100 blocks earlier than miners can switch or spend the mined funds. Shielded coinbase transactions might be spent after a regular affirmation delay, identical to every other shielded notice, as a substitute of ready 100 blocks.
At the moment, mining swimming pools obtain coinbase rewards in a clear handle. Mining swimming pools are required to maneuver coinbases to a shielded handle earlier than paying out to miners. Some mining swimming pools like FlyPool, give miners the choice to obtain payouts in a shielded handle. With ZIP 213, the Zcash mining group can have extra choices. They will proceed to mine to a clear coinbase in the event that they so select or they’ll get their mining rewards quicker by mining on to a shielded coinbase.
Shielded coinbase has been on the Zcash roadmap for the reason that mission’s inception nearly 4 years in the past. The large efficiency optimizations from Zcash Sapling make shielded coinbase attainable.
ZIP 213 was authored by Jack Grigg. Sean Bowe and Daira Hopwood contributed to the design.
For the previous 4 years, ECC has established a fame of delivery high quality, production-ready code. We’re happy with our common and dependable launch schedule, having already begun work on NU4. Heartwood is a compulsory community improve designed to enhance interoperability and privateness. In case you are a miner or community node, please keep tuned for extra info concerning the Heartwood activation date. If in case you have any questions, attain out to us.