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, breaking any transactional links and ensuring complete privacy
Zcoin has integrated Tor to hide your IP address. Dandelion further conceals the IP address when broadcasting a transaction on the network
MTP stands for Merkle Tree Proof. It is Zcoin’s unique Proof-of-Work algorithm with a focus on ASIC-resistance and egalitarian mining for all participants
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.
Zcoin Electrum Light Wallet Electrum light wallet rebase to 3.3.3 is released with much better performance and stability. MTP AMD miner, sgminer fixed crashing issues and increased speed for Vega…
Lelantus Presented Lelantus to Jens Groth and had good feedback. It’s natural and reasonable. Some suggestions on how to further optimize verification Aram’s new idea on allowing mints to transfer…
Update: This post was originally written in November 2017 but will be updated from time to time with recent events and cryptographic innovations. This post was last updated on the…
This is our development update for 28 Jan 2019. If you have any questions about these updates, please ask in our many chat groups or in our new forum! Sigma…