Zcoin (XZC)

$3.28984 (-8.01%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
109 $29,703,600.00 $3,000,380.00 9,028,890 XZC 14 -8.01% 2.52% $263.52

Exchange Pair Volume (24h) Price
Binance XZC/BTC 97,550.00 0.0004623000
Bittrex XZC/BTC 8,093.82 0.0004626600
Binance XZC/ETH 10,442.90 0.0232110000
Binance XZC/BNB 5,347.74 0.2299000000
Vinex XZC/BTC 9,343.93 0.0004622800
Vinex XZC/ETH 9,194.87 0.0230592300
Dove Wallet XZC/BTC 1,766.77 0.0004652150
Probit XZC/KRW 4,782.83 3,845.0000000000
Dove Wallet XZC/ETH 33.67 0.0228765280
Probit XZC/BTC 2,024.41 0.0004620000
MXC XZC/USDT 1,006,037.00 3.2904000000
AEX XZC/CNC 616,497.00 23.0100000000
Bitforex XZC/BTC 155,779.00 0.0004625200
VCC Exchange XZC/BTC 7,745.11 0.0004603700
HitBTC XZC/BTC 80,023.00 0.0004573000
Hotbit XZC/BTC 74,116.00 0.0004618000
Huobi Global XZC/BTC 8,159.67 0.0004620000
Binance XZC/XRP 3,733.23 15.1580000000
Ovex XZC/BTC 88.20 0.0004660000
FinexBox XZC/BTC 2,383.93 0.0004590200
Huobi Global XZC/ETH 2,738.83 0.0231130000
Huobi Global XZC/USDT 8,046.80 3.2786000000
Hotbit XZC/ETH 27,108.00 0.0228720400
Dove Wallet XZC/PAX 0.77 3.3149701240
CoinEx XZC/USDT 16,125.56 3.3007000000
HitBTC XZC/USD 7,729.28 3.2480200000
Atomars XZC/USDT 102.10 3.2150100000
Dove Wallet XZC/TUSD 0.86 3.2549431540
Dove Wallet XZC/USDT 0.92 3.3095570090
Dove Wallet XZC/USDC 6.66 3.2519391600
CREX24 XZC/BTC 324.23 0.0004600000
Atomars XZC/BTC 217.63 0.0004629100
QBTC XZC/USDT 2,004,632.00 3.2140000000
ZG.com XZC/USDT 820,993.00 3.3070000000
CoinEx XZC/BCH 468,435.00 0.0158958200
CHAOEX XZC/BTC 263,130.00 0.0004610000
Bitforex XZC/ETH 136,995.00 0.0231577900
Hotbit XZC/USDT 55,940.00 3.2480930000
Digifinex XZC/BTC 64,521.00 0.0004620000
Sistemkoin XZC/USDT 20,787.00 3.3300000000
Digifinex XZC/ETH 8,306.28 0.0231150000
CoinEx XZC/BTC 263,422.00 0.0004602400
FEX XZC/BTC 150,949.00 0.0004627000
Huobi Korea XZC/BTC 1,373.50 0.0004620000
Indodax XZC/IDR 6,132.20 47,000.0000000000
Sistemkoin XZC/BTC 12,328.44 0.0007367800
Txbit XZC/BTC 0.00 0.0004319500
Livecoin XZC/ETH 0.00 0.0000000000
Trade Satoshi XZC/BTC 2.62 0.0005285700
Trade Satoshi XZC/DOGE 0.02 1,619.0055000000
Huobi Korea XZC/ETH 0.00 0.0231150000
Atomars XZC/ETH 44.97 0.0231592700
Sistemkoin XZC/TRY 29,616.00 19.2800000000
HitBTC XZC/ETH 0.00 0.0219230000
Ovex XZC/ZAR 0.04 60.9999990000
Satang Pro XZC/THB 1,296.92 100.0000000000
CryptoBridge XZC/BTC 0.00 0.0004515100
Livecoin XZC/BTC 0.00 0.0000000000
Upbit XZC/BTC 11.70 0.0003904900
Upbit Indonesia XZC/BTC 96.30 0.0003904900
Trade Satoshi XZC/USDT 0.00 3.4168056400
Trade Satoshi XZC/ETH 0.00 0.0227065700

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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