Zcoin (XZC) is a cryptocurrency that used to be called Moneta, however, it was rebranded and relaunched under its current name in December 2016. Similar to many other cryptocurrencies, Zcoin is based on the same source code and the Proof-of-Work system that is also the base for Bitcoin. The founders of Zcoin decided to take anonymity to the next level and further enhance the safety features of Bitcoin. You see, Zcoin has a unique feature that lets you send and receive completely anonymous transaction via a technology called Zero-Knowledge-Proof.
Because of this system, all transactions only contain the transferred amount, unlike a transaction with Bitcoin which also contains information about the sender and the receiver. Due to this anonymous safety feature, Zcoin has gotten plenty of attention lately and it will definitely be a part of the industry for a long time.
The developer behind Zcoin is a man by the name Poramin Insom. Insom was studying at the renowned John Hopkins University in Baltimore when he got the idea for the project. He was intrigued by how fast Bitcoin was increasing in value and decided he wanted to develop his own version. Today, Insom works closely with a team of developers that all contribute to the development of Zcoin.
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What We Like About Zcoin
- Zcoin is based on Bitcoin and offers an updated version of the protocol.
- Zcoin uses anonymous and extremely safe transactions.
- The system is based on Work-of-Proof (WoP) but also has Zero-Knowledge-Proof.
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