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 article describes the basic process of setting up a mobile wallet so you’re able to receive some Zcoin (XZC). Though this guide uses edge Wallet, we don’t endorse one wallet…
We are happy to announce the official Zcoin vulnerability bounty program to encourage the developer/researcher community to review and contribute to our code. We are only accepting reports in relation…
We are happy to announce that Zcoin is now finally available on the Ledger hardware wallet. The Zcoin app can be downloaded from the Ledger Manager and used together with…
Zcoin is organizing an exciting bounty for us to get listed on Kucoin, a leading cryptocurrency exchange and allows users to stand a chance to win 1000 xzc, enough to…