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Reddit
- We have rebranded to Firo - Join us in our new Subreddit at r/FiroProject December 1, 2020submitted by /u/Muggles_XZC [link] [comments]/u/Muggles_XZC
- I like where this is going! November 30, 2020submitted by /u/TrompTech [link] [comments]/u/TrompTech
- Zcoin accept November 27, 2020Hi This is my transaction : https://explorer.zcoin.io/tx/40d4c76f82337a062c7f9ed82a563c00a7c242ebba643a95a440c3024630fd30 This transaction does not accept in the trust wallet Why? submitted by /u/roberrtto [link] [comments]/u/roberrtto
- Checkout our special ZERO FEES exchanges, special BlackFriday offer - November 27, 2020submitted by /u/Guarda-Wallet [link] [comments]/u/Guarda-Wallet
- New sub-reddit for Firo? November 27, 2020Question in title? Is there a new sub-reddit now? submitted by /u/funnybitcreator [link] [comments]/u/funnybitcreator
- Can't setup electrum-3.3.8a8.dmg (mac) with Ledger Nano X November 26, 2020Hello, I keep getting Failed to create a client for this device. Make sure it is in the correct state. My Nano X (Firmware 1.2.4-5) has both the BTC & ZCoin apps installed and I have followed the instructions outlined here. Any support would be much appreciated. submitted by /u/hesreddit [link] [comments]/u/hesreddit
- My Miner CMD closes when i start it November 24, 2020i press the start button the CMD window pops up and then the program says its stopping I'm using awsomeminer BTW submitted by /u/HomoRogue [link] [comments]/u/HomoRogue
- Get Free Access to $XZC Node November 17, 2020Hey guys, we at GetBlock.io provide access to 48 blockchain nodes via REST, JSON-RPC and WebSockets. Zcoin (XZC) is supported! Fill in the form and we will send you free API key to test it out. submitted by /u/getblockio [link] [comments]/u/getblockio
- GPU Issue November 16, 2020I've decided to try mining zcoin on cryptodredge but I keep getting a GPU Issue saying I don't have enough cudas. Can anyone help? submitted by /u/Not_Garrett_T [link] [comments]/u/Not_Garrett_T
- Rebrand name November 16, 2020Can't believe you missed the opportunity to call it Phoenix [PENX] The tag would be pronounced like "penny" is, but with the added letter "x". So, Pennyx. People commonly use the word "penny". This could sound like the X version of the penny. But when you pronounce it, it has the same feeling as saying […]/u/BlueBloodStrawberry
What Is ZCoin ?
Zcoin is a digital cryptocurrency that puts your financial privacy at the forefront, where your transactions are completely untraceable and anonymous, it is built on the solid fundamentals of the zerocoin protocol. This an altcoins that seeks to cover what is sees as the holes in the Bitcoin process of transactions, where any one with a PC and internet connection can trace any transaction and know its amounts on the blockchain.
The zerocoin protocol was created as an extension to the Bitcoin protocol, that it would make it add true anonymity to Bitcoin trades and transactions, the Bitcoin protocol is a network of peer to peer transaction/payment network that works on the principle of cryptographic protocols. In a Bitcoin protocol, any transaction made is stored in a public ledger which is made available to the public, these ledgers can be viewed using latest technologies to reveal the identity of the person that made the transaction, and it’s creepy and also scary to know that people with the right technology can find out your identity when you make a bitcoin transaction, that’s where zerocoin protocol comes in. The zerocoin protocol provides anonymity by a separate cryptocurrency mixing service that is also stored in the block chain, the mixing service works in such a way that after conducting your transaction, the service mix your crypto funds with different other crypto currency funds, making the trail to your transaction very hard to follow.
Team
The zcoin team is a group of developers led by founder and core developer Poramin Insom, other members of the team include Alexander N, Snguyen , Tadhg Riordan, Peter Shagalev, Miho Frankovic, Saran Siriphantnon ,among others.
Practical Uses
Zcoin is built to solidify the privacy of the Bitcoin protocol, the way it works is simple when you do a Bitcoin transaction, the transaction details are stored in a public ledger, and open for the public to view, which makes privacy a little harder as government agencies can use metadata and pattern analysis to generate the real world identity of the Bitcoin owners. Zcoin corrects that fundamental privacy flaw by using zero knowledge proof in making really untraceable coins, this is done by minting a coin, you mint a coin by burning it up and generating a mathematical proof that you burned it, this is just similar to proof-of-work in Bitcoin mining, the newly minted coin has no relationship with the old coin it was generated from, which means the coins can never be traced and this method provides full anonymity.
The practical use of Zcoin is to turn tainted Bitcoin or any other cryptocurrency into a new untraceable coin, keeping financial records anonymous and help to safeguard the identities of anyone that owns the cryptocurrency.
Mining
Zcoin mining almost similar to bitcoin mining, it can be done using CPUs, AMD GPU’s or other similar hardware
Investor’s Note
Bitcoin remains the king of al cryptocurrency, and it sometimes suffers the problem of lack of full anonymity which the blockchain technology promises its users. Zcoin will be a great facilitator that will further enhance the use of Bitcoin as well as other cryptocurrencies facing similar issues, and as such it has quite a niche that it could easily make its own
Website: https://www.zcoin.io/
Reddit: https://www.reddit.com/r/zcoin/
Twitter: @zcoinofficial