What is ZCoin (XZC)?
Zcoin also known as XZC or Zerocoin is an open source decentralized cryptocurrency that concentrates on achieving privacy and anonymity for its users while transacting. For achieving this privacy and anonymity, Zcoin uses zero-knowledge proofs via Zerocoin protocol which is one of the most cited cryptography papers at this point. In other words, when you transact by using Bitcoin or Ethereum, your transaction history will be linked to your coins which makes you vulnerable.
ZCoin (XZC): History
ZCoin (XZC) is a cryptocurrency introduced by Johns Hopkins University professor Matthew D. Green and graduate students Ian Miers and Christina Garman as an extension to the Bitcoin protocol that would add true cryptographic anonymity to Bitcoin transactions. Zerocoin was first implemented into a fully functional cryptocurrency announced to the public by Poramin Insom, who is also the lead developer, in September 2016. The total number of Zcoin to ever be produced is 21 million units. Currently, there are approx. 3.4 million units in circulation and rest units yet to be mined.
How Does ZCoin (XZC) Work?
The working of Zcoin is a bit technical, but the gist of it is that it includes two independent cryptographic transaction phases: The Zerocoin mint phase and Zerocoin spend phase. The Zcoin network enables an individual to mint coins and then spend them. The separation of the mint and spend processes ensures that any minted coin cannot be easily associated with its expenditure.
How to Buy ZCoin (XZC)?
First of all, you need to create a ZCoin (XZC) wallet for storing your coins safe. Then you can set a username and password for the wallet.If you lose this password, you will lose access to your coins. Now we can purchase Ethereum, the popular cryptocurrency by using Coinbase. Then exchange it for ZCoin (XZC).
ZCoin (XZC) Price Prediction 2018
XZC can be a profitable investment option. ZCoin price equal to 75.649 USD at 2018-01-29. If you buy ZCoin for 100 dollars today, you will get a total of 1.322 XZC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-26 is 341.407 US Dollars. With a 5-year investment, the revenue is expected to be around +351.3%. Your current $100 investment may be up to $451.3 in 2022. ZCoin (XZC) price today is $75.43 and have the current supply of 3,986,661 XZC. The market cap value is $ 300,720,194, and the volume is marked as $7,708,900. ZCoin (XZC) price today, ZCoin (XZC) where to buy, ZCoin (XZC) price chart, ZCoin (XZC) history, ZCoin (XZC) market cap, ZCoin (XZC) exchanges, ZCoin (XZC) mining, ZCoin (XZC) mining software.