[ANN][XZC] - ZCOIN - [Zero-Knowledge Cryptographic - Untraceable Anonymity ]

[adaseb]

I AM NOT THE DEVELOPER, JUST FORWARDING THIS ALONG SINCE I FOUND IT ON REDDIT. IT LAUNCHED SEPT 28





https://news.bitcoin.com/zero-knowledge-zcoin-launching-soon/

http://zcoin.tech/index.html

https://zcoin.slack.com

https://twitter.com/ZCoinProject

Privacy-enhancing Technology: Zerocoin Protocol

In Bitcoin, all transactions are broadcasted on a public ledger. Research has shown that external information, such as publicly announced addresses, can be used to link identities and organizations to transactions. The default reuse of bitcoin addresses exacerbates this problem. Furthermore, the same type of mechanism used to break privacy in social networks, such as the analysis of social network topology, can be used to break privacy in the Bitcoin network.



Bitcoin and preceding alternative cryptocurrencies have attempted to solve this problem through the use of transaction mixers or ring signatures. However, there are a number of drawbacks to these proposed solutions. For one, a malicious or compromised member of a mixer or ring signature can break privacy. Furthermore, the anonymity set is a key metric to understanding how private a cryptocurrency is. The anonymity set in formerly proposed solutions is limited by the size of the mixing cycle or ring signature. Each mixing cycle or ring signature is limited by the number of transactions per cycle, which is transitively limited by the the block size of the cryptocurrency. Thus, the anonymity set in previous attempts at privacy tends to only be a few hundred transactions.

With Zcoin, the anonymity set is on a dramatically higher magnitude. Instead of having an anonymity set limited to the few hundreds, Zcoin has an anonymity set that encompasses all "minted coins" in the Zcoin system. The magnitude of the anonymity set is on the order of millions, rather than hundreds - it makes all previous alternative cryptocurrencies aimed at privacy obsolete.

Zcoin solves the privacy problem found in all previous cryptocurrencies. Zcoin implements a protocol called ZeroCoin, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs. Zero-Knowledge proofs allows one to show ownership of a Zcoin coin without having to reveal which coin one owns. The original Zerocoin paper can be found here

Zerocoin Usage: https://github.com/zcoinofficial/zcoin/wiki/Zerocoin-Usage



Algorithm: LYRA2 (Not LYRA2REV like Vertcoins). Use CPU Miner Below

Blocktime: 10 Minutes

Block Reward: 40 XZC



Pool: https://xzc.suprnova.cc

Miner: https://github.com/ocminer/cpuminer-xzc

Exchange: https://novaexchange.com/market/BTC_XZC/

Block Explorer: http://zcoin.rocks/chain/ZCoin

[whte qasd]

the coin fork the zerocoin?

[generous]

im ready for translate bonties

[szachta]

I join here what for, god luck.

[adaseb]

im ready for translate bonties

I am not the developer.

Go to https://zcoin.slack.com and maybe ask there.

[@boutiuqe]

Lol in wallet mining ?

[zika7142]

another fucking scam that's trying to capitalise in on the fucking Zcash hype

[kahir]

what algo is this ?

[max2000irc]

what algo is this ?

I believe is Scrypt-N.

[ocminer]

They state Scrypt-N on the homepage, but it seems to be lyra-2 when you look at the (rather old) codebase..

Another coin that wants to ride on the waves of zcash

[jacafbiz]

Why can't they even wait for ZCASH to launch first and see the success before all these copy cat coin flying arround. It will be interesting to see what happen to these coins in general

[myferrari]

another fucking scam that's trying to capitalise in on the fucking Zcash hype

Yes, today's second zcash hype clone coin. Don't buy , it is a scam.

[adaseb]

Its some special Lyra2 algo. Can't use Lyra2RE, so only CPU mining for now.

[RXTRR]

looks very similar to this project:  https://bitcointalk.org/index.php?topic=1604526.0

[adaseb]

I am not the developer of this coin. Please stop PM asking about Bounties and such. I just found this on Reddit and it wasn't posted here before.

[hankrules]

They state Scrypt-N on the homepage, but it seems to be lyra-2 when you look at the (rather old) codebase..

Another coin that wants to ride on the waves of zcash

There was a fork that changed the algo from Scrypt-N to lyra2 due to ASICS dominating the network.  It's a lot different than zcash.  Similar name though.

Also, the dev was on Let's Talk Bitcoin the other day and created Vertcoin.

[jeremy grol]

Selling ZCOIN @ 0.01  btc each.

[b4h4mu7]

The developers of this coin used a trusted setup to initiate the zerocoin protocol instead of opting for the trustless RSA-UFO system outlined by the anoncoin developers.. IMO this coin was dead before it was launched. I stopped mining this coin as should everyone else. The possibility exists that the devs could mint an unlimited amount of zcoin and dump it into the market if the coin ever gained any kind of market share. Unless you trust that they won't.

"When a zerocoin is minted, the coin is added as a member to the set of all zerocoins by way of a one-way cryptographic accumulator. In order to prove later that a given zerocoin belongs to this set, during the initial setup of the accumulator, it is necessary to define a number N (or a set of such numbers) that is the product of at least two distinct prime numbers; this number becomes the accumulator modulus for the Zerocoin implementation. If the prime numbers are large enough, it would be infeasible for any party to factor N. However, any entity that knows all the factors would be able to bypass the security of the system and forge zerocoin membership proofs; it is impossible to verify that the factors were not saved by the generating party after multiplying together to form N. Anoncoin solves this setup problem by using RSA UFOs (generalized RSA moduli of unknown complete factorization) for the accumulator moduli which can be generated in a trustless manner, meaning there is never a time when the factors are known to any party; the setup does not require any trusted third parties."

-https://wiki.anoncoin.net/RSA_UFO

Additionally, the circumstances behind the launch of the coin are also questionable. No ANN made by the devs on these forums where the majority of the altcoin community reside. Ethereum launched an ANN thread here so that should mean something. The article on bitcoin.com is also questionable as it doesn't mention anything about the trusted setup. Either the author of the article is ignorant or is in on it. The lack of an ANN thread here makes me lean to the latter. This coupled with the launch of an ASIC friendly algo to instamine block 0-500 then switched to an algo that can't be used at present by any GPU or mining pool software. For me, there are too many red flags here to consider mining or investing. People on these forums love to get scammed, so help yourself.

[Thveit]

its great algo lyre2 cpu mining

[CoinManiac1]

ZCoin (XZC) Trading thread..

https://bitcointalk.org/index.php?topic=1634491.0