CRYPTOCURRENCY RECOMMENDATION: BUY & HOLD Zcoin (XZC)
Dear Friends,
Zcoin, also known as XZC or Zerocoin, is an open source decentralized cryptocurrency that focuses on achieving privacy and anonymity for its users while transacting.
To achieve this privacy and anonymity, Zcoin uses zero-knowledge proofs via Zerocoin protocol which is one of the most cited cryptography papers at this point in time.
In other words, when you transact using Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default which makes you vulnerable. That, because all it takes is one link to your personal information or IP to find out the origin of the coins.
However, if you transact using Zcoin’s Zercoin feature, none of your transaction histories is linked to the actual coins and only the receiver and sender know that you have actually exchanged funds.
Keeping that in mind, let us see how this cryptographic wonder works in Zcoin.
How does Zcoin Work?
Zcoin works on Zerocoin protocol by enforcing Zero-knowledge proofs. Here is a short introductory video of Zcoin that explains how it works under the hood.
youtu.be/aEbawhzhLqM
Mint: When you want to send 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 automatically reduce and you will be credited with new coins with no transaction history.
Basically, your old coins are burned cryptographically, thus preventing anyone else from using it again and being directed to your transaction history. The fact that you are credited with new coins with no history is maintained, and so is the total supply.
As of now, you can mint only in denominations of 1, 10, 25, 50 and 100. Let us suppose you choose ‘100’ coins to be minted. You will automatically be credited with new 100 Zcoins with no history attached to it.
Spend: And now when you want to make a private transaction you will be required to use these ‘100’ minted new coins. You can now send any amount from this pool of fund in any denomination to anyone with anonymity because there is no history attached to it.
Repeat: And the same way you can ‘mint’ and ‘send’ Zcoins in any number anytime with your privacy intact.
I have tried to explain this in a very simple way but the actual technology is quite complex. If you wish to deep dive into it, here is the link:
zcoin.io/how-to-use-...rocoin-in-zcoin-xzc/
ZCoin’s vision
Zcoin aims to improve things that Bitcoin couldn’t do so far, namely fungibility, privacy and miner’s centralization.
Zcoin will provide full fungibility and privacy to its users along with demolishing miner’s centralization by implementing a better proof of work algorithm called MTP about which I will talk further in this article.
Zcoin’s Team:
Zerocoin is a cryptocurrency proposed by Johns Hopkins University professor Matthew D. Green and graduate students Ian Miers and Christina Garman 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 released to the public by Poramin Insom, as Zcoin who is also the lead developer, in September 2016.
The total number of Zcoin to ever be produced is 21.4 million units. At present, there are approximately 10M units in circulation and rest units yet to be mined.
Also, every 10 minutes, a Zcoin block is mined, and 50 coins are generated, which makes it 72,000 Zcoins per day.
Market cap of Zcoin
According to CoinMarketCap, the total circulating supply of Zcoin is 10,011,368 XZC, with a market cap of $40.1M and the current price of each unit is $3.96 making it wickedly undervalued.
Zcoin’s future and Roadmap:
Zcoin’s future is quite promising and worth watching because of the following reasons and interesting things on their roadmap:
Zcoin is the first coin to implement MTP proof of work type which makes it possible for general masses to mine Zcoin with GPUs and CPUs. MTP doesn’t allow ASIC like costly miners to mine XZC coins. See this video to understand more about its features:
youtu.be/DAJirQaBIzY
Zcoin is also implementing Znodes to make their cryptocurrency more decentralized and anonymous. These Znodes would be like masternodes and will facilitate anonymous transactions because making an anonymous transaction single-handedly is quite computational.
Znodes will be incentivized by reducing some portion of founder’s reward. Also, the surplus funds that get generated from the founder’s reward reduction would be used for hiring new developers and increased marketing efforts.
Another agenda on their roadmap is to bring inbuilt Tor or some IP obfuscation mechanism that will make it completely anonymous.
Apart from these, some of the innovative and exciting stuff that is on their roadmap makes this project worth looking at once. Namely, they are sigma protocol, decentralized anonymous voting and Zcoin Labs etc.
Last but not least, its recent price rally is a good indicator of its healthy market sentiments and shows that there are people who understand this project’s worth. Just to put things in perspective so that you can understand what I am saying – a unit of Zcoin was priced $2 in this March 2017 and now it is $37 where the year-end is yet to come.
And with this phenomenal growth stats, I will leave it to you to see it for yourself based on all the insights I have given above to judge if this project is worth your time or not.
CALL TO ACTION: XZC has dropped from a high of $185 to the current price of $3.96 where is is starting to accumulate. Given the potential of the privacy market and the current undervalue of this coin, we have a solid buy in opportunity. Buy XZC up to $4.00 on the Binance or Bittrex exchanges.
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach
Owner, Modern Wealth Management
Founder, Trading Resource Artificial Intelligence Network (T.R.A.I.N.)
www.CryptoWealthCoach.co
Dear Friends,
Zcoin, also known as XZC or Zerocoin, is an open source decentralized cryptocurrency that focuses on achieving privacy and anonymity for its users while transacting.
To achieve this privacy and anonymity, Zcoin uses zero-knowledge proofs via Zerocoin protocol which is one of the most cited cryptography papers at this point in time.
In other words, when you transact using Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default which makes you vulnerable. That, because all it takes is one link to your personal information or IP to find out the origin of the coins.
However, if you transact using Zcoin’s Zercoin feature, none of your transaction histories is linked to the actual coins and only the receiver and sender know that you have actually exchanged funds.
Keeping that in mind, let us see how this cryptographic wonder works in Zcoin.
How does Zcoin Work?
Zcoin works on Zerocoin protocol by enforcing Zero-knowledge proofs. Here is a short introductory video of Zcoin that explains how it works under the hood.
youtu.be/aEbawhzhLqM
Mint: When you want to send 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 automatically reduce and you will be credited with new coins with no transaction history.
Basically, your old coins are burned cryptographically, thus preventing anyone else from using it again and being directed to your transaction history. The fact that you are credited with new coins with no history is maintained, and so is the total supply.
As of now, you can mint only in denominations of 1, 10, 25, 50 and 100. Let us suppose you choose ‘100’ coins to be minted. You will automatically be credited with new 100 Zcoins with no history attached to it.
Spend: And now when you want to make a private transaction you will be required to use these ‘100’ minted new coins. You can now send any amount from this pool of fund in any denomination to anyone with anonymity because there is no history attached to it.
Repeat: And the same way you can ‘mint’ and ‘send’ Zcoins in any number anytime with your privacy intact.
I have tried to explain this in a very simple way but the actual technology is quite complex. If you wish to deep dive into it, here is the link:
zcoin.io/how-to-use-...rocoin-in-zcoin-xzc/
ZCoin’s vision
Zcoin aims to improve things that Bitcoin couldn’t do so far, namely fungibility, privacy and miner’s centralization.
Zcoin will provide full fungibility and privacy to its users along with demolishing miner’s centralization by implementing a better proof of work algorithm called MTP about which I will talk further in this article.
Zcoin’s Team:
Zerocoin is a cryptocurrency proposed by Johns Hopkins University professor Matthew D. Green and graduate students Ian Miers and Christina Garman 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 released to the public by Poramin Insom, as Zcoin who is also the lead developer, in September 2016.
The total number of Zcoin to ever be produced is 21.4 million units. At present, there are approximately 10M units in circulation and rest units yet to be mined.
Also, every 10 minutes, a Zcoin block is mined, and 50 coins are generated, which makes it 72,000 Zcoins per day.
Market cap of Zcoin
According to CoinMarketCap, the total circulating supply of Zcoin is 10,011,368 XZC, with a market cap of $40.1M and the current price of each unit is $3.96 making it wickedly undervalued.
Zcoin’s future and Roadmap:
Zcoin’s future is quite promising and worth watching because of the following reasons and interesting things on their roadmap:
Zcoin is the first coin to implement MTP proof of work type which makes it possible for general masses to mine Zcoin with GPUs and CPUs. MTP doesn’t allow ASIC like costly miners to mine XZC coins. See this video to understand more about its features:
youtu.be/DAJirQaBIzY
Zcoin is also implementing Znodes to make their cryptocurrency more decentralized and anonymous. These Znodes would be like masternodes and will facilitate anonymous transactions because making an anonymous transaction single-handedly is quite computational.
Znodes will be incentivized by reducing some portion of founder’s reward. Also, the surplus funds that get generated from the founder’s reward reduction would be used for hiring new developers and increased marketing efforts.
Another agenda on their roadmap is to bring inbuilt Tor or some IP obfuscation mechanism that will make it completely anonymous.
Apart from these, some of the innovative and exciting stuff that is on their roadmap makes this project worth looking at once. Namely, they are sigma protocol, decentralized anonymous voting and Zcoin Labs etc.
Last but not least, its recent price rally is a good indicator of its healthy market sentiments and shows that there are people who understand this project’s worth. Just to put things in perspective so that you can understand what I am saying – a unit of Zcoin was priced $2 in this March 2017 and now it is $37 where the year-end is yet to come.
And with this phenomenal growth stats, I will leave it to you to see it for yourself based on all the insights I have given above to judge if this project is worth your time or not.
CALL TO ACTION: XZC has dropped from a high of $185 to the current price of $3.96 where is is starting to accumulate. Given the potential of the privacy market and the current undervalue of this coin, we have a solid buy in opportunity. Buy XZC up to $4.00 on the Binance or Bittrex exchanges.
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach
Owner, Modern Wealth Management
Founder, Trading Resource Artificial Intelligence Network (T.R.A.I.N.)
www.CryptoWealthCoach.co
