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Home » Online Money » Crypto-Currencies » Zcoin - [XZC] [Zerocoin] (Zero-knowledge proofs by making a zero-knowledge cryptographic statement.)
Zcoin - [XZC] [Zerocoin] [message #70] Sat, 25 February 2017 10:15
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In Bitcoin, all transactions are broadcasted on a public ledger. Research has shown that external information, such as publicly announced addresses, can be used to link individual identities and organizations to transactions. Furthermore, the same type of mechanism used to break privacy in social networks, such as the analysis of social network topology, can be used to break privacy in the Bitcoin network.

Zcoin ( ) guarantees complete financial privacy through the Zerocoin Protocol. The Zerocoin Protocol ( ) uses Zero-Knowledge proofs to ensure zero leakage of information about senders and recipients of financial transactions.

A zero-knowledge proof is a method in which one person can prove to another person that a given statement is true, without conveying any information apart from the fact that the statement is indeed true.

Zcoin uses zero-knowledge proofs by making a zero-knowledge cryptographic statement. When someone is sent Zerocoin, the person only knows that X amount of money was sent to their wallet. Unlike Bitcoin and all previous cryptocurrencies, there is no other unintended identifying information about the sender and receiver, or any attached transaction history. With Zerocoin, transactional history is completely removed.

Zcoin is different from Zcash and uses different cryptographic implementations. Zcoin uses the proven cryptographic schemes of the Zerocoin protocol, which was one of the most cited cryptography papers in the past 3 years. Zcash uses the more experimental Zerocash protocol.

We believe that Zcoin offers much of the privacy advantages of zero knowledge proofs without the drawbacks that Zcash introduces. Minting a coin in Zcoin only take a few seconds of computational power compared to Zcash which requires several minutes on an average computer making mobile adoption problematic. Our total coin supply is also auditable meaning any security flaws are much easier to detect especially when dealing with trusted setups.

Zerocoin Whitepaper:
Zcoin Whitepaper: http// 518.pdf
Block Explorer:
How to install wallets:
Linux Wallet: 2.0/zcoin-qt-v0.2.0-linux64.tar.gz
OSX Wallet: 2.0/zcoin-qt-v0.2.0-osx.dmg
Windows Wallet: 2.0/
Source Code:
How to mine: e
Nvidia miners:
AMD miners:
CPU Miner:
3rd party 64-Bit Nvidia: 4

Mining Pools:

Exchanges: de_coin_name=xzc

For a more detailed description of differences, please see here:

Zerocoin (Feb 2017) bug that lead to hack explained in detail. n-detail/
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[Updated on: Sun, 26 February 2017 02:07]

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