ZenIP-42207 Removal of the Shielded Pool from the Horizen Mainchain

Abstract

This proposal seeks to completely remove the shielded pool from the Horizen mainchain, building upon the deprecation path initiated by ZenIP-42204. This move is in response to evolving regulatory environments and the community's strategic pivot away from privacy-focused features towards a more transparent and regulatory-compliant framework.

Motivation

Ensuring regulatory compliance and alignment with strategic objectives while addressing the reduced utility and community shift away from the shielded pool.

Specifications

1. Complete Disabling of Shielded Transactions: Deactivating all functionalities related to shielded transactions (z-addresses).

2. Removal of Related RPC Calls: Deprecating and disabling RPC calls specifically related to shielded transactions.

3. Migration Path for Users: Providing tools and guides for users to transition their funds from the shielded pool.

4. Network Upgrade: Implementing these changes through a network upgrade at a specified block height.

5. Communication and Timeline: Committing to regular updates and support for the community throughout the transition.

Rationale

This proposal represents a necessary evolution of the Horizen network to maintain its competitiveness, versatility, and compliance in the changing landscape of blockchain regulation and technology.

Voting

For: Yes, I approve the complete removal of the shielded pool from the Horizen mainchain as detailed in ZenIP-42207.

Against: No, I do not approve the proposal as detailed in ZenIP-42207.