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.
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 and the Road ahead
We wanted to give our community a brief overview of Zcoin’s development goals and general direction on a high level. Increasing Sigma and Zcoin’s utility At the moment, all hands…Read More
Zcoin Development Update 10 June 2019
Sigma Conversion from Zerocoin mints to Sigma mints branch is ready but completing tests Safety kill switch for detection of Sigma attacks to be done by this week Issues identified…Read More
Zcoin Development Update 27 May 2019
Sigma Feature freeze. Release candidate aim for 7 June 2019. Mints to honor coin control to review and merge Confirm to add two more denominations 0.05 and 25. Significantly brings…Read More