Why create a new coin, when we already have Bitcoin?

By November 1, 2016 No Comments

The Zerocoin Protocol, created in 2013, was originally meant to be an extension on top of Bitcoin. There was a lot of support for Zerocoin from key members of the Bitcoin community. However, Bitcoin has the primary goal of ensuring stability in its money supply, by moving slowly with only unanimously agreed upon changes. As a result of the political deadlock, the Zcoin project was created.