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Home Mining

HASHR8 Privacy Coin Reviews: Zcoin

Hashr8 by Hashr8
14th May 2020
6 min read
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HASHR8 Privacy Coin Reviews: Zcoin
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Project Name: Zcoin

Coin Ticker: XZC

Market Cap: $40,704,569 (as of 22 April 2020)

Exchanges: Binance, Bittrex, Huobi, HitBTC, DigiFinex, Satang Pro, OVEX, Indodax (many others)

Mining Algorithm: MTP

Block time: 5 minutes

Original code base: Bitcoin with masternode code from dash

Founder’s reward or analog: 8% to founders 6% to development (ending in September 2020)

Development Team: Poramin Insom, Peter Shugalev, Andrey Bezrukov, Tadhg Riordan, Putta Khunchalee, Panu Suksomonsin, Levon Petrosyan, Aram Jivanyan (Research), Tigran Mamikonyan (Research)

Privacy Protocol:

How does the project protect users?

Through allowing people to destroy their coins, and then redeem them for brand new ones with no previous transaction history.

Explain the Anonymity Sets (per txn):

Up to 16,000 per denomination but with Lelantus we are targeting 100,000

Privacy By Default, can it be switched on/off:
Privacy opt in but with Lelantus it will be privacy opt out for our official wallet users

% tx Anon: 3%

Wallets

What OSs does it support? Windows/Mac/Linux

GUI Wallet: Yes two. QT and a rich GUI that’s using Electron Vuejs

Mobile Wallet: Android and iOS

Mobile wallet support is through Coinomi and ZelCore

Why is privacy important to your project team?

Privacy is an important property of cash that we are giving up by moving to a cashless society. Bitcoin furthers this problem by making every transaction available for anyone with an internet connection the ability to see and track. Zcoin provides an alternative to give the users the ability to choose and control their financial privacy.

What makes your project stand out above other projects?

Zcoin has been a pioneer in the blockchain privacy space.

It was the first coin to implement Zerocoin, Dandelion ++, and Sigma.
It’s so the team behind the development of the Lelantus protocol.

The Lelantus protocol system has several advantages over other protocols that use knowledge proofs to break down the links between coins. A trustless setup, relatively simple cryptography, and simple and easy to audit constructions.

The world’s first large-scale blockchain-based political election was held on Zcoin’s blockchain in 2018 . The Thai Democrat Party, Thailand’s oldest political party, held a primary election to elect its new party leader on Zcoin blockchain with over 120k votes being cast.

What do you have in the works for future development?

•Deterministic Masternodes + Core upgrade
•Implementing the Lelantus privacy protocol
•BTC/ETH/etc swap capability into XZC within wallet (no KYC with TOR)
•BIP47 Receiver Address Privacy (RAP)
•Chainlocks
•Mobile client
•GUI light wallet option
•Lelantus direct anonymous payments
•Exodus Sigma with ZTM

What is the path to mass adoption of your project?

We believe that it’s important to make Zcoin spendable in as many places as possible.

In Zcoin became the first cryptocurrency which can be used nationwide in Thailand at five million merchants registered via the Thai QR code system through the Satang App.

Zcoin is also on Polispay payment platform (prepaid mastercards and gift cards), Bidali (gift cards), and Travala.com (1.7 million accomodations in 90,000 destinations worldwide.)

Important links:

https://zcoin.io/zcoins-privacy-technology-compares-competition/

Telegram — https://telegram.me/zcoinproject
Forum — https://forum.zcoin.io/
Facebook — https://www.facebook.com/zcoinofficial/
Reddit — https://www.reddit.com/r/zcoin/
Bitcoin Talk — https://bitcointalk.org/index.php?topic=1638450.0
Discord — https://discordapp.com/invite/4FjnQ2q


This article was originally published in Hashr8 on Medium, where people are continuing the conversation by highlighting and responding to this story.

About H4SHR8

HASHR8 Podcast is presented by HASHR8 OS. HASHR8 OS is a Linux-based operating system designed to help you increase the efficiency of your mining machines and maximize your overall profitability. Now with ASIC and GPU support, HASHR8 OS provides the best experience in crypto mining, allowing you to manage your facility from any mobile device. HASHR8 OS is mining as it should be.

Take complete complete control of your mining operations today at https://os.hashr8.com

Listen to the Hashr8 Podcast here.

Hashr8 is the go-to source for information on cryptomining news and technology.  We produce a weekly podcast discussing cryptocurrency, mining, and blockchain tech.  Also, we draft relevant articles and reviews on all things Cryptomining. For our enterprise clients we provide facility design, outfitting, facility management and optimization services to industrial farms and data centers.

Website:

https://hashr8.com/

Podcast:

Apple: https://podcasts.apple.com/us/podcast/hashr8-podcast/id1450932045

Google: https://tinyurl.com/y567arqx

SoundCloud: https://soundcloud.com/h4shr8

Spotify: https://open.spotify.com/show/2CLetGT20MFsHqfeBN3fYl?si=D2mU_aK_TOa4PwQ54d2kLQ

Stitcher: https://www.stitcher.com/s?fid=385186

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Hashr8

Hashr8 provides comprehensive cryptomining solutions at scale for industrial facilities and power suppliers around the world.

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