submitted by atomarsofficial to Atomars [link] [comments]
What is Zcoin?
Zcoin, also referred to as XZC or Zerocoin, is an open source decentralized cryptocurrency that provides privacy and anonymity for its users when making transactions.
To achieve its privacy and anonymity, Zcoin uses zero-knowledge proofs via the Zerocoin protocol, which is at this moment in time one of the most cited cryptography papers.
According to Wikipedia, in cryptography, a zero-knowledge proof or zero-knowledge protocol is a method in which one party proves to another party (the verifier) that a given statement is actually true.
In other words, in a transaction with Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default, leaving you vulnerable. All it takes is one link to your personal information or IP to find out the origin of the coins.
However, when you trade with Zcoin’s Zercoin feature, your transaction history is not linked to the actual coins. Only the receiver and sender know that the funds have actually been exchanged.
How Does Zcoin Work?Zcoin works on the Zerocoin protocol by enforcing Zero-knowledge proofs. Here are the components of Zcoin to explain how it works.
Mint: When sending a private transaction with Zcoin, all you need to do is select the number of coins you want to mint. Post that your normal Zcoin balance would reduce automatically and you will be credited with new coins and no transaction history. In essence, your old coins are burned cryptographically, which prevents anyone else from using them again and being directed to your transaction history. You get credited with new coins with no history, while the total supply is maintained.
For now, you can only mint in denominations of 1, 10, 25, 50 and 100. If you choose ‘100’ coins to be minted, for instance, you will instantly be credited with 100 new Zcoins with no history attached to them.
Zcoin’s VisionZcoin seeks to improve things that Bitcoin hasn’t been able to so far, some of which include fungibility, privacy and miner’s centralization.
Users of Zcoin can enjoy full fungibility and privacy along with demolishing miner’s centralization by implementing a better proof of work algorithm called MTP.
Total Zcoin supply
Only 21 million units of Zcoin will ever be produced. Currently, there are about 3.4 million units in circulation, with the rest yet to be mined.
But the total supply has increased by 388450 XZC units after a Zcoin code bug, which the team refused to roll back due to economic reasons, which is why the total supply stands at approximately 21.4 million.
Every 10 minutes, a Zcoin block is mined and 50 coins are generated, making 72,000 Zcoins per day.
Market cap of Zcoin
According to CoinMarketCap, the total circulating supply of Zcoin is 5,757,841 XZC and the current unit price is $9.6. That makes the market cap approximately $55 million*.*
How To Buy Zcoin CryptocurrencyIf you are looking to get some Zcoin, here is a list of resources where it can be bought from.
Zcash is a decentralized and open-source peer-to-peer cryptocurrency that provides strong privacy protections. It was created as a fork of Bitcoin and, like bitcoin, it also has a hard limit of 21 million coins. Unlike bitcoin, however, Zcash offers total privacy for its users maintaining the absolute anonymity behind each transaction along with the parties and the amounts involved in it.
PIVX, which stands for Private Instant Verified Transaction, is an open-source, decentralized form of digital online money that uses blockchain technology. This makes it easy to transfer all around the world in an instant with low transaction fees with market leading security & privacy. PIVX focuses on privacy, security, anonymity, and instant transactions.
Monero is a fast, private, secure and untraceable digital currency system that uses a special kind of cryptography to keep all its transactions 100% unlinkable and untraceable. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Some Zcoin misconceptions
There are some misconceptions regarding Zcoin:
Zcoin’s Future & RoadmapZcoin’s future is quite promising and worth watching based on these interesting milestones on their roadmap:
Zcoin Team & ProgressZerocoin is a cryptocurrency proposed by professor Matthew D. Green, a professor of Johns Hopkins University, and graduate students Ian Miers and Christina Garman. It was proposed as an extension to the Bitcoin protocol that would add true cryptographic anonymity to Bitcoin transactions.
Zerocoin was first implemented into a fully functional cryptocurrency and released to the public by Poramin Insom, the lead developer, as Zcoin in September 2016.
Some of the notable dev members of the team are listed below.
Founder and Core Developer
Poramin Insom created what was the world's 4th most valuable cryptocurrency in February 2014. He is also the world's first person to implement stealth addresses in QT-Wallets, improving cryptocurrency anonymity. He earned a master’s degree in Information Security from Johns Hopkins University, where he wrote a paper on a proposed practical implementation of the Zerocoin protocol.
Alexander N. aka Aizensou is a full-stack developer who has experience in many programming languages (C++, C#, Python, Perl, Java etc.) and has been involved in the cryptocurrency space since 2013. He has a broad development portfolio from low level APIs in Python and C++ to Android native applications in Java. In addition to his involvement in cryptocurrencies, Alexander was doing his P.h.D. in machine learning at a German university from 2012 to 2016.
Saran Siriphantnon is the CTO of Satang.co/Satoshift, a fintech company focusing on creating an open financial system for Southeast Asia. He served as President of the Computer System Administrator Group at King Mongkut's Institute of Technology Ladkrabang.
Tadhg Riordan is a 24 year old Software Developer from Wexford, Ireland. He recently completed his MSc from Trinity College Dublin, where he worked with Blockchain privacy mechanisms, focusing particularly on Zero-Knowledge Proofs and the Ethereum platform. He is a strong advocate for the adoption of cryptocurrency and for complete financial privacy.
Apart from these, their team comprises of other developers, community managers, support personnel and advisors who maintain the required balance.
Advisors:Aram Jivanyan (Cryptography Advisor): Co-Founder at Skycryptor & KMSchai
Torphop Korgtadam (It Security Consultant): Senior Vice President, Head Of Internal Audit Strategy, Innovation and Decision Science at United Overseas Bank Limited
Alexander N. aka Aizensou (Advisor)
Unique/Key Features Against Its Competitors:
Bitcoin Core is a community-driven free software project, released under the MIT license. Verify release signatures Download torrent Source code Show version history. Bitcoin Core Release Signing Keys v0.8.6 - 0.9.2.1 v0.9.3 - 0.10.2 v0.11.0+ Or choose your operating system. Windows exe - zip. Mac OS X dmg - tar.gz. Linux (tgz) 64 bit. ARM Linux 64 bit - 32 bit. Linux (Snap Store) Support ... Binance is most popular exchange in 2019 and on 7th May 2019, Binance was hacked to lose about 7000 Bitcoin. This was worth about $40 million at the time of the hack. However, the team announced that they will cover all the lost funds from their funds and no user will be impacted from this hack. “We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were ... Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung (Bitcoincharts).Wenn Sie Bitcoins kaufen möchten, können Sie sich hier anmelden.In unseren Bitcoin.de FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können. Running Bitcoin through Tor. Once you feel familiar enough with Tor, it’s time to make your Bitcoin addresses anonymous. To do that you need your wallet to connect through Tor. One solution can be using Bitcoin core, which as of release 0.12 automatically connects through Tor if it detects its presence. Der Kauf von Krypto wie Bitcoin und Ether ist so einfach wie die Überprüfung Ihrer Identität, das Hinzufügen einer Zahlung und das Klicken auf "Kaufen". Melden Sie sich noch heute für unser Portemonnaie an. Brieftasche erstellen. Handel mit Krypto an der Börse. Unsere in die Blockchain Wallet integrierte Börse ist ein One-Stop-Shop, in dem Sie in wenigen Minuten Geld einzahlen und ... The best way to learn to learn deeply about bitcoin is to avoid GUIs (even bitcoin-qt), and instead learn it from the command line. Lightning Rfc ⭐ 1,168. Lightning Network Specifications. Coinbasepro Python ⭐ 1,154. The unofficial Python client for the Coinbase Pro API. Pycoin ⭐ 1,116. Python-based Bitcoin and alt-coin utility library. Blockstack Browser ⭐ 1,113. The Blockstack ... Bitcoin befindet sich noch in den ersten Jahren der Entwicklung und die Wallets werden mit der Zeit viel benutzerfreundlicher werden. In naher Zukunft werden bestimmte Geräte möglicherweise mit vorinstallierten Wallets geliefert, die ohne Wissen des Benutzers mit der Blockchain interagieren. Vorerst ist es wichtig, sich vor Augen zu halten, dass die Private Keys das sind, was Sie schützen ... Hello, I have a bitcoin node running on a headless box (bitcoind) and I would like to connect to it using bitcoin-qt on my desktop. I'm getting a little confused with the process.... does bitcoin-qt need to connect to bitcoind using RPC? Do I store my wallet file on the bitcoind box, or bitcoin-qt box? The bitcoin node... Der aktuelle Binance Coin-Kurs (26.90 $) im Live-Chart in EUR, USD & CHF im Überblick Binance Coin-Rechner Verfolge den aktuellen Kursverlauf live! How To Get Bitcoin To Binance - Bitcoin Mining App For Windows 10 How To Get Bitcoin To Binance Is Bitcoin Cash Better Than Bitcoin Bitcoin Bots Limited
[index]          
How to Short Bitcoin on Binance 125X Leverage Binance Futures Tutorial - Duration: 13:32. Hardcore Crypto 3,449 views. 13:32 . Triple Screw Gear Vise - Duration: 19:25. DIY Builds Recommended ... What is Bitcoin's Next Move? IRS sends out a 2nd round of Crypto Warning Letters Bank Requests Coinbase delists ZEC Binance Down for Maintenance Steemit Upgrade PundiX News WAX News Skrill's 40m ... Qt Bitcoin Trader - trading client for Mt.Gox and BTC-e - Duration: 2 ... Обзор Binance BNB - Как Купить Криптовалюту на Бирже Binance - Duration: 23:19 ... In this video you will know how to deposit bitcoin in binance or any coin in hindi. Also you will know how to withdraw any coin from binance in hinid. Binanc... Whalepool Live Bitcoin / Cryptocurrency Trading Stream 24/7/365 WhalePool 79 watching Live now Edward Snowden: How Your Cell Phone Spies on You - Duration: 24:16. How to transfer Litecoin or Bitcoin from Coinbase to Binance - Duration: 10:57. Jermaine Ellis 213,859 views. 10:57. Verge QT Wallet for Mac OS X - Duration: 8:35. dc bkk 30,346 views. 8:35. ... This short how-to video showing your first steps with the Binance walkthrough from getting an account, depositing some Bitcoin, buying some BNB (binance tokens to get 50% off fees) and finally ...