Zcoin or Zero Coin is based on zero-knowledge proof and is a cryptographic extension to Bitcoin, which enables completely anonymous and private digital and forex transactions, unlike Bitcoin. Bitcoin offers a new type of financial freedom in form of digital currency but lags significantly in terms of privacy as all the transactions are recorded and are displayed in public ledger.
Zcoin is based on Zero Coin protocol/ Zero-knowledge proof which is a way of proving that you possess some data without revealing the nature of data. Under this protocol, the transaction is not linked to the previous chain of the series, thus breaking the chain and removing the possibility of tracking transactions through blockchain analysis. Znodes play a vital role in running the network and anyone running a Znodes are incentivized to run a full copy and to process Zerocoin transactions. Those who are running Znodes are entitled to a share of 30 percent in newly minted coins (i.e 15 every block). Running Znodes also require staking 1,000 Zcoins. Zcoin system is secured by miners and they are rewarded for every new block that is generated with 50 new Zcoins. Zcoin follows the same half-cycle as Bitcoin in which during the first four years, 40 coins will go to the miner and rest 10 coins will be credited to founders. After the fourth year, the entire reward will go to Zcoin miners.
Privacy is the main feature of the XZC coin through the Zero Knowledge Proof protocol which masks the transactions and makes it highly anonymous in the chain. The zero-knowledge protocol helps discourages tracking of transactions through the blockchain analysis.
Poramin Insom is the founder and core developer of the Zcoin and has written a research paper on implementations of zero coin protocol in masters degree programme from Johns Hopkins University. Zcoin is launched on 28th September 2016 and has a total supply of 21 million coins with a block time of 10 minutes. Each block contains 50 coins
Zcoin is based on zero-proof protocol and is a cryptographic extension to bitcoin. It helps in achieving secure and private transactions as it makes the transactions highly anonymous on the chain.
Website: http://zcoin.ioTwitter: https://twitter.com/zcoinofficialReddit: https://www.reddit.com/r/zcoin/Whitepaper: https://zcoin.io/wp-content/uploads/2016/11/zerocoinwhitepaper.pdf