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.
Sigma is Zcoin’s upcoming replacement to Zerocoin that is set to be released on testnet in Q1 2019. It makes significant improvements over Zerocoin in three areas: Removal of trusted…
Sigma Many build issues resolved in Sigma Spend and remint function merged Lots of fixes in Sigma spend fees Working on fixing bug on remote node not accepting Sigma spend…
We are happy to announce that Zcoin is now spendable via the PolisPay debit card! PolisPay was founded in 2017 with the mission to make cryptocurrencies spendable everywhere. This is…
Binance recently hosted a Zcoin AMA on their Telegram on the 6th March 2019. We had an awesome response from the AMA and there were many excellent questions. For those…