Community Forex Questions
What is Zcoin?
Zcoin is the first full implementation of the Zerocoin Protocol, allowing users to fully secure their privacy via Zero-Knowledge cryptologic proofs. Zcoin is not related to other cryptocurrencies employing the Zerocash Protocol. Though Zerocash is a fork of Zerocoin, their implementations are not simple forks, but rely on totally different cryptographic assumptions with a wide variety of trade-offs. Nonetheless, each approach complements the other quite nicely, and a decent way to describe them would be sib comes. New name is Firo.
Website https://firo.org
Website https://firo.org
Zcoin is a privacy-focused cryptocurrency that prioritizes anonymity and fungibility. Launched in 2016, it employs the Zero-Knowledge Proof protocol, specifically the Zerocoin protocol, to ensure transaction privacy. Unlike traditional cryptocurrencies, Zcoin allows users to burn coins, generating new ones with no transaction history, thereby breaking the link between sender and receiver. This emphasis on privacy makes Zcoin a notable player in the cryptocurrency space, offering enhanced confidentiality and fungibility features. It operates on the idea of providing users with the option to make transactions completely untraceable and unlinkable, fostering privacy in financial transactions on the blockchain.
Feb 04, 2022 16:07