Private Financial Transactions, enabled by the Zerocoin Protocol.
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.
|Block Targets:||10 minute|
|Total Coins:||21 million|
|50 Coins per Block:|
|Retarget using BRNDF:||every 6 blocks|
|Poramin Insom||Founder and Core Developer|
|Reuben Yap||Community and Communications Manager|