Review on Zcoin by Gabriel Medina
Zcoin cryptocurrency intended for privacy
Currently there have been many projects that want to create new cryptocurrencies based on anonymity. However, to date, Zcoin is one of the most popular currencies in this regard on the market.
Zcoin (XZC) is a cryptocurrency that is especially dedicated to privacy. This blockchain project together with its cryptocurrency will allow the completion of completely anonymous transactions. Something we must understand is that Zcoin does not have a transaction history in order to maintain and ensure the privacy of users. Zcoin uses the Zerocoin protocol to apply tests that can be used to achieve the promised anonymity. Zcoin is popular for the qualities it possesses, because it will allow users to decide how they will want to carry out their transactions. The objective of Zcoin is to increase the user's freedom within the financial system and allow them to carry out the transactions they want, without having to submit to any type of control, in addition to whether their cryptocurrency can be used worldwide in private mode or not.
The team in charge of this project is improving the system and the management platform, in such a way that every day the cryptocurrency will adapt to the user and their needs, in short, it is a project with long-term development. It is hoped to achieve the decentralization of privacy on a global scale through Zcoin, as well as cause equality in mining.
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Pros
- Comprehensive ease of use of the coin, its perfect adaptability and the excellent supply of tokens.
- Zcoin implements an MTP mining algorithm, therefore it is a cryptocurrency that can be mined.
- It offers a high degree of anonymity and the code that ZCoin implements on its platform is constantly updated and mostly modified, in order to optimize security so that there are no future problems.
Cons
- Many companies have emerged that want to create new cryptocurrencies based on anonymity.
- This cryptocurrency cannot be purchased for fiat money.
