submitted by atomarsofficial to Atomars [link] [comments]
What is Zcoin?
Zcoin, also referred to as XZC or Zerocoin, is an open source decentralized cryptocurrency that provides privacy and anonymity for its users when making transactions.
To achieve its privacy and anonymity, Zcoin uses zero-knowledge proofs via the Zerocoin protocol, which is at this moment in time one of the most cited cryptography papers.
According to Wikipedia, in cryptography, a zero-knowledge proof or zero-knowledge protocol is a method in which one party proves to another party (the verifier) that a given statement is actually true.
In other words, in a transaction with Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default, leaving you vulnerable. All it takes is one link to your personal information or IP to find out the origin of the coins.
However, when you trade with Zcoin’s Zercoin feature, your transaction history is not linked to the actual coins. Only the receiver and sender know that the funds have actually been exchanged.
How Does Zcoin Work?Zcoin works on the Zerocoin protocol by enforcing Zero-knowledge proofs. Here are the components of Zcoin to explain how it works.
Mint: When sending a private transaction with Zcoin, all you need to do is select the number of coins you want to mint. Post that your normal Zcoin balance would reduce automatically and you will be credited with new coins and no transaction history. In essence, your old coins are burned cryptographically, which prevents anyone else from using them again and being directed to your transaction history. You get credited with new coins with no history, while the total supply is maintained.
For now, you can only mint in denominations of 1, 10, 25, 50 and 100. If you choose ‘100’ coins to be minted, for instance, you will instantly be credited with 100 new Zcoins with no history attached to them.
Zcoin’s VisionZcoin seeks to improve things that Bitcoin hasn’t been able to so far, some of which include fungibility, privacy and miner’s centralization.
Users of Zcoin can enjoy full fungibility and privacy along with demolishing miner’s centralization by implementing a better proof of work algorithm called MTP.
Total Zcoin supply
Only 21 million units of Zcoin will ever be produced. Currently, there are about 3.4 million units in circulation, with the rest yet to be mined.
But the total supply has increased by 388450 XZC units after a Zcoin code bug, which the team refused to roll back due to economic reasons, which is why the total supply stands at approximately 21.4 million.
Every 10 minutes, a Zcoin block is mined and 50 coins are generated, making 72,000 Zcoins per day.
Market cap of Zcoin
According to CoinMarketCap, the total circulating supply of Zcoin is 5,757,841 XZC and the current unit price is $9.6. That makes the market cap approximately $55 million*.*
How To Buy Zcoin CryptocurrencyIf you are looking to get some Zcoin, here is a list of resources where it can be bought from.
Zcash is a decentralized and open-source peer-to-peer cryptocurrency that provides strong privacy protections. It was created as a fork of Bitcoin and, like bitcoin, it also has a hard limit of 21 million coins. Unlike bitcoin, however, Zcash offers total privacy for its users maintaining the absolute anonymity behind each transaction along with the parties and the amounts involved in it.
PIVX, which stands for Private Instant Verified Transaction, is an open-source, decentralized form of digital online money that uses blockchain technology. This makes it easy to transfer all around the world in an instant with low transaction fees with market leading security & privacy. PIVX focuses on privacy, security, anonymity, and instant transactions.
Monero is a fast, private, secure and untraceable digital currency system that uses a special kind of cryptography to keep all its transactions 100% unlinkable and untraceable. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Some Zcoin misconceptions
There are some misconceptions regarding Zcoin:
Zcoin’s Future & RoadmapZcoin’s future is quite promising and worth watching based on these interesting milestones on their roadmap:
Zcoin Team & ProgressZerocoin is a cryptocurrency proposed by professor Matthew D. Green, a professor of Johns Hopkins University, and graduate students Ian Miers and Christina Garman. It was proposed as an extension to the Bitcoin protocol that would add true cryptographic anonymity to Bitcoin transactions.
Zerocoin was first implemented into a fully functional cryptocurrency and released to the public by Poramin Insom, the lead developer, as Zcoin in September 2016.
Some of the notable dev members of the team are listed below.
Founder and Core Developer
Poramin Insom created what was the world's 4th most valuable cryptocurrency in February 2014. He is also the world's first person to implement stealth addresses in QT-Wallets, improving cryptocurrency anonymity. He earned a master’s degree in Information Security from Johns Hopkins University, where he wrote a paper on a proposed practical implementation of the Zerocoin protocol.
Alexander N. aka Aizensou is a full-stack developer who has experience in many programming languages (C++, C#, Python, Perl, Java etc.) and has been involved in the cryptocurrency space since 2013. He has a broad development portfolio from low level APIs in Python and C++ to Android native applications in Java. In addition to his involvement in cryptocurrencies, Alexander was doing his P.h.D. in machine learning at a German university from 2012 to 2016.
Saran Siriphantnon is the CTO of Satang.co/Satoshift, a fintech company focusing on creating an open financial system for Southeast Asia. He served as President of the Computer System Administrator Group at King Mongkut's Institute of Technology Ladkrabang.
Tadhg Riordan is a 24 year old Software Developer from Wexford, Ireland. He recently completed his MSc from Trinity College Dublin, where he worked with Blockchain privacy mechanisms, focusing particularly on Zero-Knowledge Proofs and the Ethereum platform. He is a strong advocate for the adoption of cryptocurrency and for complete financial privacy.
Apart from these, their team comprises of other developers, community managers, support personnel and advisors who maintain the required balance.
Advisors:Aram Jivanyan (Cryptography Advisor): Co-Founder at Skycryptor & KMSchai
Torphop Korgtadam (It Security Consultant): Senior Vice President, Head Of Internal Audit Strategy, Innovation and Decision Science at United Overseas Bank Limited
Alexander N. aka Aizensou (Advisor)
Unique/Key Features Against Its Competitors:
For Bitcoin, this key will consist of a long sequence of characters starting with the number “5” or the letters “K” or “L”. The example below displays a vertically-oriented private key right of center. The funds held on a paper wallet can be swept, or transferred into your Electrum wallet. Begin by selecting the “Private keys” item from Wallet menu. Enter one or more private ... bitcoin wallet change private key - What is Bitcoin Private Key? A private key is a secret, alphanumeric password/number used to spend/send your bitcoins to another Bitcoin address. It is a 256-bit long number which is picked randomly as soon as you make a wallet. The degree of randomness and uniqueness is well defined by cryptographic functions for security purposes. Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started . Dive Deeper. Buy Crypto. Bitcoin $ USD. Your Email ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. “Bitcoin Core” is the main bitcoin client, which is used by most users of the network, because it is the original bitcoin client and it is easy to use. But it takes about 20GB of space on the computer and takes a long time to sync after download and installation. Usually the Commission for the transfer is about 0.00001 btc/KB, which is much less than if you use the online bitcoin service ... Unless you can convince more than 50% of bitcoin users to remove a transaction for you, then that transaction is essentially set in stone. Check out our full guide to the blockchain. Bitcoin mining and block verification. The key problem to be solved next is the idea of transaction verification. While there is no central authority that can decide whether a transaction is legitimate or ... Old Bitcoin Wallet Dat However, the company had to recently remove 90% of cryptocurrency mining extensions as they did not meet the criteria necessary: mining being the sole purpose of the extension, and that the user be adequately informed about the mining behavior. Btc Private Key Checker If you are using Cold storage, a Paper wallet or generating vanity addresses you may have a need to import a Private key. Since Bitcoin-QT/bitcoind v0.6.0, you can import private keys using built-in RPC command importprivkey. Before v0.6.0, you needed to rely on third-party wallet.dat manipulation tool such as Pywallet. This article describes how to import a private key through the RPC API of ...
[index]          
But, Binance has overtly claimed that this might not be the case. But first, here’s a ditty about JP Morgan’s first notable crypto-centric product. Per comments from Umar Farooq, the Wall ... DON'T TRUST YOUR COINS WITH THIRD PARTIES. HAVE YOUR OWN WALLET. Find the private key to your Litecoin QT client public Litecoin address. Binance SG Singapore Exchange has extended their referral promotion for Singaporean / people living in Singapore to get a chance to get an easy entry into the cryptocurrency space! This promotion ... How to Generate Private Key from a Bitcoin watch only address 2020 We help you generate bitcoin private key for non spendable funds. online bitcoin private key generator private key finder and ... Vechain To 1$? Vechain Has a Great Use Case. Plua Another Bitcoin Fudster Yapping His Gums. Crypto Chrome Extensions Can HACK YOU DONT GIVE YOUR PRIVATE KEYS TO ANYONE! NEVER LET ANYONE KNOW HOW ... Bitcoin private key scanner 2018. Download link : https://satoshibox.com/3w4uei3upr5bhf5x8b7xydo7 The best of cryptocurrency exchange : BINANCE ! Register he...