Review on Zcoin by Eve Vallenilla

By using electronic platforms to manage our finances without custody, we often expose valuable data to third parties, exposing our privacy and running the risk of it being manipulated maliciously.

Thinking about guaranteeing our financial privacy, the founders of Zcoin developed an anonymous operating platform that makes it impossible to track the processing of our digital assets on the platform.

How do they do that?

Zcoin uses a technology based on the use of the zero knowledge proof algorithm, which consists of verifying the burning of the current currency prior to receiving a new currency. In this way, the anonymity of the transfer of values in the network is achieved in a 100% reliable way. This mechanism is known as Zero Knowledge Proof (zk-SNARK)

In this sense, privacy becomes, along with anonymity, the main attraction of this cryptographic platform, making it the ideal currency for government agencies and those entities and people for whom keeping their operations anonymous is essential.

What is known about coin mining?

Those interested in participating in the extraction of the private cryptographic protocol can choose between two options: using GPU equipment or using CPU. This process requires installing Zcoin wallets and performing the pertinent configuration on their computer equipment and subsequently inserting it into one of the established mining equipment.

As for the Zcoin mining reward system, it is known to be done fairly among the participants of the crypto protocol mining.

According to the above, we can conclude that Zcoin not only ensures the privacy of your financial operations, but also protects the data of the parties involved in the transaction in a reliable way.