Why does Bitcoin have a privacy problem?
In order to solve the “double spending problem”, all transactions on Bitcoin must be stored on a public ledger.
Notable studies have shown that the same techniques used to analyze social network topology can be used to analyze Bitcoin’s network topology.
Anyone can use the public ledger to break privacy, including powerful corporations and institutions such as the NSA.
How does Zcoin improve privacy of the Bitcoin Protocol?
With Zcoin’s Zerocoin Technology, you can “mint” a coin found on the public ledger into a private coin
When it is time to spend your minted coin, the owner of the minted coin does not need to be revealed
The process of minting and spending a coin can be completed as many times as you want, ensuring complete privacy
Did you know?
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.
The Zerocoin Protocol is being actively researched and improved, such as by a new extension that when implemented would hide transactions and address balances.
This is our development update for 16 Jan 2019. MTP AMD Miner: djm34 migrated json_bos in sgminer and finished stratum implementation. Working on MTP algorithm sections Bitcoin Core Upgrade Peter…
This is our development update for 7 Jan 2019. Note that developers had taken a break and are just coming back after the Christmas and New Year holidays. MTP djm34…
This is our development update for 25 December MTP Zcoin 13.7.6 released MTP working well, 3 major pools have support with miner dev interest Third party AMD miner WildRig Miner…
Q: What do I need to do to get ready for MTP? Make sure you’re updated to the latest Zcoin release (0.13.7.4) before the 10th December 12:00 GMT. UPDATE: Please…