Add a Crypto
Login | Register
ZCoin (XZC)
ZCoin (XZC)

Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs. It is worth noting that Zcoin is unrelated to other cryptocurrencies utilizing the Zerocash Protocol. Although Zerocash is a development from Zerocoin, their respective implementations are not simple forks of each other, but rely on different cryptographic assumptions with various tradeoffs. Both approaches supplement each other quite nicely, and a good way to describe them would be sibling projects.

In Bitcoin, all transactions are broadcasted on a public ledger. Research has shown that external information, such as publicly announced addresses, can be used to link identities and organizations to transactions. The default reuse of bitcoin addresses exacerbates this problem.

Furthermore, the same type of mechanism used to break privacy in social networks, such as the analysis of social network topology, can be used to break privacy in the Bitcoin network.

Bitcoin and preceding alternative cryptocurrencies have attempted to solve this problem through the use of transaction mixers or ring signatures. However, there are a number of drawbacks to these proposed solutions. For one, a malicious or compromised member of a mixer or ring signature can break privacy. Furthermore, the anonymity set is a key metric to understanding how private a cryptocurrency is. The anonymity set in formerly proposed solutions is limited by the size of the mixing cycle or ring signature...

With Zcoin, the anonymity set is on a dramatically higher magnitude. Instead of having an anonymity set limited to the few dozen, Zcoin has an anonymity set that encompasses all minted coins in a particular RSA accumulator that can scale to many thousands and unlike other solutions is not subject to transaction graph analysis.


Total Premine: -
Total Supply: 21,400,000

No comments yet!

Please Login or Register to post comments.

Moderators / Owner
Owner: admin
You Might Also Like:
Latest Wallets & Links
Official Website May 07, 2018
Block Explorer May 07, 2018
Github Source Code May 07, 2018
Twitter May 07, 2018
Reddit May 07, 2018
ZCoin Wallets (Windows, Linux, MAC) May 07, 2018
Roadmap May 07, 2018
Team May 07, 2018
Discord May 07, 2018
Slack May 07, 2018
XZC/BTC - Binance May 07, 2018
XZC/BTC - Bittrex May 07, 2018
XZC/IDR - Indodax May 07, 2018
ZCoin/PLN - Coinroom May 07, 2018
XZC/THB - BX Thailand May 07, 2018
XZC/THB - TDAX May 07, 2018
XZC/BTC - Upbit May 07, 2018
XZC/BTC - Cryptopia May 07, 2018
XZC/BTC - CryptoBridge May 07, 2018
XZC/EUR - LiteBit.eu May 07, 2018
XZC/BTC - CoinExchange May 07, 2018
© Copyright 2018 - ChatOnCrypto.com | Contact Us