Zcoin (XZC)

$5.09542 (2%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
84 $47,431,200.00 $5,273,370.00 9,308,590 XZC 26 2% -2.78% -$101.91

Exchange Pair Volume (24h) Price
Binance XZC/BTC 145,780.00 0.0005935000
Indodax XZC/IDR 4,535.08 69,300.0000000000
Bittrex XZC/BTC 12,492.74 0.0005950100
Binance XZC/BNB 11,711.49 0.2941000000
Vinex XZC/BTC 11,980.03 0.0005945300
Binance XZC/ETH 5,190.38 0.0309630000
Probit XZC/KRW 10,763.80 5,815.0000000000
Probit XZC/BTC 6,162.11 0.0005935000
Vinex XZC/ETH 13,425.31 0.0310349600
Binance XZC/XRP 2,689.87 22.0750000000
Dove Wallet XZC/BTC 1,605.35 0.0005906030
CREX24 XZC/BTC 155.38 0.0005960000
Dove Wallet XZC/ETH 40.71 0.0311535340
MXC XZC/USDT 1,622,818.00 5.1142000000
AEX XZC/CNC 178,527.00 35.2300000000
Bitcoin.com XZC/BTC 81,982.00 0.0005935000
HitBTC XZC/BTC 81,981.00 0.0005935000
Huobi Global XZC/USDT 73,931.00 5.0962000000
Hotbit XZC/BTC 122,854.00 0.0005989300
VCC Exchange XZC/BTC 10,626.14 0.0005978500
Huobi Global XZC/BTC 38,098.00 0.0005940000
Hotbit XZC/USDT 94,976.00 5.1350970000
CoinEx XZC/USDT 50,531.00 5.0875000000
Hotbit XZC/ETH 44,340.00 0.0313262900
Sistemkoin XZC/USDT 32,874.00 5.1100000000
HitBTC XZC/USD 53,685.00 5.1544600000
Bitcoin.com XZC/USD 53,655.00 5.1544600000
Dove Wallet XZC/USDT 1.06 5.0954080280
Huobi Global XZC/ETH 1,839.37 0.0309560000
Dove Wallet XZC/USDC 1.22 5.0158347050
Atomars XZC/BTC 752.19 0.0005955100
FinexBox XZC/BTC 3,938.54 0.0005942700
Ovex XZC/BTC 335.14 0.0005890000
Dove Wallet XZC/TUSD 1.45 5.0412259250
ZG.com XZC/ETH 9,226,114.00 0.0303940000
ZG.com XZC/BTC 9,108,765.00 0.0005939000
ZG.com XZC/USDT 4,443,402.00 5.0193000000
Bitforex XZC/BTC 503,823.00 0.0005936200
CoinEx XZC/BCH 510,947.00 0.0149654000
Bitforex XZC/ETH 448,542.00 0.0310855900
CHAOEX XZC/BTC 403,689.00 0.0005930000
CoinEx XZC/BTC 296,385.00 0.0005920000
Digifinex XZC/BTC 101,555.00 0.0005930000
Digifinex XZC/ETH 4,351.42 0.0312020000
Bitcoin.com XZC/BCH 3,703.31 0.0150179000
HitBTC XZC/ETH 1.74 0.0302300000
Bitcoin.com XZC/ETH 1.74 0.0302300000
Sistemkoin XZC/TRY 29,756.00 30.3300000000
Sistemkoin XZC/BTC 29,853.00 0.0005933700
Ovex XZC/ZAR 268.21 74.2694620000
FEX XZC/BTC 493,275.00 0.0005948000
Huobi Korea XZC/BTC 138.03 0.0005940000
Dove Wallet XZC/PAX 2.93 4.9184814170
QBTC XZC/USDT 868,613.00 4.9420000000
Satang Pro XZC/THB 3,885.47 151.0000010000
Livecoin XZC/BTC 13.34 0.0006297400
Upbit XZC/BTC 16.54 0.0005031000
Upbit Indonesia XZC/BTC 112.65 0.0005031000
Txbit XZC/BTC 44.98 0.0006394100
CryTrEx XZC/BTC 2,137.72 0.0006518000
Huobi Korea XZC/ETH 2.18 0.0313270000
Atomars XZC/ETH 10.56 0.0314651800
Atomars XZC/USDT 2.35 4.1218000000
Livecoin XZC/ETH 0.98 0.0300000000
Trade Satoshi XZC/DOGE 3.19 1,339.0000000600
Trade Satoshi XZC/BTC 0.50 0.0004200100
Trade Satoshi XZC/USDT 0.28 3.4168056400

Links


Background

Zcoin is a privacy-focused cryptocurrency project that was the first to implement ideas from the Zerocoin project whitepaper written by a group of academics in 2013. By using RSA encryption and zero-knowledge proofs, the project aims to allow users to remain anonymous when sending or receiving payments. Zerocoin was proposed as a way to avoid the pseudonymity in Bitcoin that allows transactions to be traced to a specific user and creates the potential for specific coins to become tied to illicit activity. The project competes directly with Zcash, which is based off a follow-up whitepaper from the same group that proposed Zerocoin. Though they both use zero-knowledge proofs, Zcoin believes that by using well-known RSA technology they can provide more security than the newer zK-SNARKs cryptography used in Zcash and create a more simple setup process compared to Zcash, which requires multiple human participants to generate pieces of the initial network keys from different geographic locations. Zcoin is a rebranding of the earlier Moneta project, which was created from a fork of Litecoin. Founders Poramin Insom and Gary Le launched Zcoin with backing from private investors including Roger Ver, Tim Lee, and Startup Chile, an accelerator run by the Chilean government. Le also helped fund the project with a grant he received through a Thiel Fellowship.

Technology

Zcoin is based on a fork of the Bitcoin Core codebase and uses Lyra2z as its mining proof-of-work algorithm making it mineable by GPUs and to a lesser extent, CPUs. The team plans to release a new mining algorithm based on Merkle tree proof of work (MTP) in the second quarter of 2018, after delaying this integration in 2017. MTP integration aims to create an efficient and decentralized CPU mining network. New blocks are created every ten minutes and the difficulty is adjusted every six blocks. In Dec. 2017, Zcoin initiated a hard-fork to allow for the addition of new non-mining nodes known as Znodes. These nodes are responsible for storing blockchain data which is necessary in the Zcoin network due to the relatively large amount of computational resources and storage needed to facilitate the cryptographic verification process. Nodes are required to stake 1,000 Zcoin (XZC) tokens as collateral and receive a portion of mining fees for their services. In an effort to ensure fair distribution of rewards nodes are shuffled in rank based on when they last received a block reward, with the most recent recipient moving to the bottom of the list. The next node to receive a reward is selected randomly from the top 10% of the list. Nodes must meet certain activity requirements based on the overall size of the network and the confirmations on the collateral transaction. There are currently more than 2,900 active Znodes in the network. Zcoin’s privacy is particularly focused on dissolving the ability to associate certain coins with distinct addresses from the past, thus eliminating traceable coin histories within the network. Using zero-knowledge proofs, users prove that they burned a specified amount of XZC without divulging which particular token within the network was destroyed. Upon XZC burn, a “Zerocoin” is minted by the user, which has no transactional history. When a coin is spent it appears the same as any new coin that had entered the network through a block reward. Unlike other privacy-focused cryptoassets, Zcoin has an auditable supply, due to the fact that the number of coins originally burnt are not hidden. While this can add transparency by allowing others to check that users are using a legitimate process to create new coins, it creates the ability for third parties to see addresses for large holders on the network.



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