[whatwhatwha]

Perhaps it could have something to do with termonology (%value vs %transactions).

For value I get: 42588 / (891015+222753) = 3.8% Shielded Value / (Cumulative Miner's Reward + Cumulative Founder's Reward)

Perhaps it is 28% of transactions are shielded worth only 4% of zec value?

[daira]

Note that the number of prior shielded transactions (not the proportion, and not the value) is what is actually relevant to the privacy of new shielded transactions. Roughly speaking, the privacy you get with Zcash is comparable to what you would get with Monero if you could use all previous shielded transactions (over 120000 of them, currently) as mixins. That's why the criticisms of Zcash based on the percentage use of shielding (either by transactions or value) are totally missing the point.

-- Daira Hopwood (Zcash developer)

[davidsarah]

The number of note commitments can be found using 'zcash-cli getblockchaininfo' and is currently 301068 commitments, i.e. 150534 JoinSplits (so a bit more than the 120000 I said).