Zashi launches TEX address support to enable seamless transfers to exchanges that require transparent senders

The Zcash web wallet Zashi has launched the TEX address feature to help users seamlessly transfer private ZEC funds to exchanges like Binance that require transparent deposits. TEX addresses are designed for exchanges, and Zashi users themselves will not have TEX addresses, but through this feature, Zashi and other wallets can realize shielded fund transfers to exchanges. This feature also solves the problem that some exchanges cannot properly handle Zcash shielded transactions, ensuring the safe transfer of user funds. The core mechanism of the TEX address is to use a temporary transparent address as an intermediate station, and the user's shielded ZEC will be transferred to the exchange through this transparent address. In this way, the exchange can identify the source of the transaction, and the user's privacy information is still protected.