Announcements3 June 2018Version 0.13.6.3 released.
Mandatory upgrade with hard fork on block 89300 (est. May 28)
16 March 2018Zcoin hard fork to new Zerocoin scheme has been completed. If your wallet isn't syncing, make sure you are on French Drop v13.5.7.
10 March 2018Zcoin "French Drop" v0.13.5.7 released.
Mandatory upgrade with hard fork on block 78500 (roughly 14-15 March 2018).
12 Feb 2018We are happy to be listed on Exbase
https://exba.se/ an anonymous exchange that doesn't require personal identity information with global withdraw options via VISA or international wire.
11 Feb 2018We are happy to
announce six new additions to the growing Zcoin team!
Getting the Wallethttps://github.com/zcoinofficial/zcoin/releaseshttps://github.com/zcoinofficial/zcoin/wiki/InstallationHow to Minehttps://github.com/zcoinofficial/zcoin/wiki/Pool-Mining-GuideFAQWhat is the distribution for Zcoin?There will be 21 million Zcoins. Zcoin follows the same halving cycle as Bitcoin (every 4 years). 10% of the total Zcoin supply will be distributed to the Founders Reward as time passes. In the first 4 years, 20% of Zcoins will be distributed to the Founders Reward. In other words, during the first 4 years, 40 Zcoins will go to the miners and 10 Zcoins will go towards the Founders reward. After the first 4 years, the block reward goes completely towards the miners.
What will Zcoin's Founders Reward be used for?The Founders Reward will be given to early investors, developers, and Zcoin community members. We also have bounties for various tasks, such as Zcoin core development, web development, graphic design, marketing, ect. If you'd like to help out, please email or message us on Slack.
Is Zcoin a fork of Zcash? What are the primary differences?Zcoin is not a fork of Zcash in anyway. First of all Zerocoin is the tech, Zcoin is the coin, similarly to how Zerocash is the tech and, Zcash the coin.
Zcoin uses Zerocoin technology from the
Zerocoin paper. This is a very well peer reviewed paper with over 200 citations.
Zcash instead uses the
Zerocash paper.
Although Zerocash is a development from Zerocoin meant to address certain perceived shortcomings of Zerocoin, they are not simple forks of each other and rely on different protocols.
Zerocash was meant to improve on Zerocoin on these issues:
a) Zerocash's proofs are much more smaller than Zerocoin's
b) Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations
c) Greater anonymity with Zerocash since sender/receiver/amount are all obscured.
However Zerocoin's advantage over Zerocash are as follows:
a) Although Zerocoin's proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.
b) Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoin's parameters are arguably less controversial. (
https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin). A zero trust parameter setup is also within our roadmap.
c) Most importantly is that in Zcoin, total supply is still visible so if there's a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, if a flaw is exploited, it may be almost impossible to detect as someone can mint coins for themselves without being detected.
d) Zerocoin's tech is much more reviewed and better understood than Zcash's. Zcash's use of zero knowledge proofs uses ZK-Snarks is much more experimental and only a handful of people understand it.
Here at Zcoin, we believe that multiple zero-knowledge cryptocurrency implementations is a blessing to society. Like Zcoin, Zcash is also enabling individual freedom and open commerce to the world by increasing financial privacy. We applaud the work that the Zcash team is doing. With that in mind, it is important to understand the inherent tradeoffs between the Zerocoin and Zerocash protocols. Zcoin has some major advantages over Zcash, as well as significant disadvantages. By increasing awareness of these tradeoffs, privacy-centric users can more effectively use either coin tailored to their concerns and specific use cases.
You may also read more at our
blog post.
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