[ANN] Firo (FIRO) - Implementing ZKP privacy without trusted setup

[zcoinofficial]

@zcoinofficial:
Why do you think much larger RAM requirements will filter botnets out? This could filter out botnets based on IoT devices, right?
Then again, it depends on how big those RAM requirements will be (100Mb?, 500Mb?, 2G?, 8G?). Any info on this?

The minimum RAM requirement for the MTP protocol is 2 gb but it can be adjusted higher. Botnets usually involve controlling other people's computers so if the mining algorithm consumes 2 gb of RAM there usually is a noticeable performance hit that will make the user suspect something is wrong.

This also makes cheap VPS boxes out of the question since for e.g. Vultr's/Digitalocean 5 USD dollar you only get 768 mb of RAM you need to go up to 20 USD to get just 2 gb of RAM.

[1714053613]

1714053613

[1714053613]

1714053613

[zcoinofficial]

How long has it been since the dev appeared?

Appearing daily

[Rabinovitch]

And there are no crystal balls that would led you to be surrounded by local & imported girls

Why don't you try to learn how to use the crystal ball? 

[tomsmith26]

Our new website is launched! Check it out at
www.zcoin.tech

We're still working on reworking the content.

Also we're looking for merchants to accept Zcoin!

We have gotten ourselves listed with coinpayments.net to make payment integration a breeze.
https://www.coinpayments.net/supported-coins

it's very interesting. it helps us moving up the price .
I will buy some more cheap coins from now
Thanks, Dev

[AstralWonder]

Now privacy with Bitcoin and Ethereum is really important - but what is the advantage of this over existing solutions?

[jay8291]

Any GPU Miner for this Coin yet ?

[zcoinofficial]

Now privacy with Bitcoin and Ethereum is really important - but what is the advantage of this over existing solutions?

Other existing solutions utilize either coin mixing or ring signatures. Coin mixing in many current implementations involve a lot of trust on the mixer and rely on finding other people to mix with which can take time. Ring signatures are a lot better in that it finds similar transactions of similar denominations to mix with but it means that there's still an element of traceability since the real transaction path is still somewhere in there and other outside data and topological analysis may narrow this down further.

https://github.com/zcoinofficial/zcoin/wiki/How-does-Zcoin-compare-to-other-anonymity-methods%3F

Zcoin users Zerocoin technology which means when you mint a zcoin (anonymize it) and then spend it (creating a new coin with no transaction history), there is no 'transaction path' to follow. To understand this further, read below:

https://github.com/zcoinofficial/zcoin/wiki/A-layman's-explanation-on-how-Zerocoin-works

One of the benefits of Zcoin in still using Bitcoin's core code and the anonymity layer does not affect this too much meaning it can integrate into the existing Bitcoin ecosystem much more easily compared to other privacy coins (besides Dash) which require much more modification to allow it to happen. This can be evidenced by coinpayments.net only taking less than a day to enable support for the coin and work is being done to integrate Zcoin with the copay wallet.

Any GPU Miner for this Coin yet ?

Not yet and not intended to be a GPU mineable coin in the short term.

[giagge]

I think this real value .

[slugmandrew]

Now privacy with Bitcoin and Ethereum is really important - but what is the advantage of this over existing solutions?

Other existing solutions utilize either coin mixing or ring signatures. Coin mixing in many current implementations involve a lot of trust on the mixer and rely on finding other people to mix with which can take time. Ring signatures are a lot better in that it finds similar transactions of similar denominations to mix with but it means that there's still an element of traceability since the real transaction path is still somewhere in there and other outside data and topological analysis may narrow this down further.

https://github.com/zcoinofficial/zcoin/wiki/How-does-Zcoin-compare-to-other-anonymity-methods%3F

Zcoin users Zerocoin technology which means when you mint a zcoin (anonymize it) and then spend it (creating a new coin with no transaction history), there is no 'transaction path' to follow. To understand this further, read below:

https://github.com/zcoinofficial/zcoin/wiki/A-layman's-explanation-on-how-Zerocoin-works

One of the benefits of Zcoin in still using Bitcoin's core code and the anonymity layer does not affect this too much meaning it can integrate into the existing Bitcoin ecosystem much more easily compared to other privacy coins (besides Dash) which require much more modification to allow it to happen. This can be evidenced by coinpayments.net only taking less than a day to enable support for the coin and work is being done to integrate Zcoin with the copay wallet.

Any GPU Miner for this Coin yet ?

Not yet and not intended to be a GPU mineable coin in the short term.

Thanks for the updates. It's good to see the devs here answering people's questions and all the best with the development of the new algorithm

[Gandalf86]

@Disguised It's a matter of your time horizon and intuition. Intuition needs practice. The questions you'll have to ask yourself are: 1) How long are you willing to wait and 2) do you believe that within that time, the developers will improve the coin in such a way that its value is higher than it is now? For me, my time horizon is about 6 months, and I believe that poramin & Co. will improve the coin significantly during that time. With that logic, it is a good idea to buy now, even if the price may be half of what it is now in a week, because nobody really can tell how the price will move without taking into account the work that is being done in a given time horizon.

[activemind]

Plz  developer do u have any plan of adding it on poloniex

[Goruno]

I think this coin has more chances to be listed on polo in next month.
I will buy more cheap coins now and get more profits on polo later

[zcoinofficial]

Of course we are working on Poloniex being added but we won't make any promises although we remain hopeful. What would help is filling in their coin request form as well

https://poloniex.com/coinRequest

A strong community support would go a long way towards getting Zcoin added to Polo though we're working on building awareness of what Zcoin is and stands for as there's a lot of misunderstanding of what Zcoin is. There are still people that think Zcoin is a Zcash fork which has been addressed many times (including in the OP).

We are the first working cryptocurrency using zero knowledge proofs that have WORKING private transactions that is ready to be used today unlike Zcash that was supposedly being worked on for years and had extensive testing and yet still manages to not have its most important feature working. Even when Zcash does get its private transactions working, Zcoin retains many advantages over Zcash

• Parameter generation does not require trust of developers.
• Private transactions with less computational requirements
• A much more well understood cryptographic implementation
• Much more easily integrated to existing Bitcoin merchants

And we have a working QT GUI.

So if you base it off the fundamentals of the coin and look past the hype, Zcoin has achieved a lot and will continue to break new ground when MTP is implemented despite the smaller team and budget.

We are committed to working on the project for the long term and active development continues every single day. If anyone is interested in joining us and helping out with the dev and marketing (with proper experience), bounties are available which would accelerate growth a lot more in the long term. There's a lot of work to be done and we welcome help to make a vision of a truly anonymous coin a reality.

The first step is being done with the new much nicer website launch and the content is being updated. Instructional videos will follow soon along with a list of merchants who have agreed to accept Zcoin.

To us, it's not so much the development of the coin now (which still continues as fast as is possible with our devs) but more on the marketing and building awareness and making it accessible to the public.

[jeremy grol]

dump,dump,dump.
Zcrash

[doktor83]

Of course we are working on Poloniex being added but we won't make any promises although we remain hopeful. What would help is filling in their coin request form as well

https://poloniex.com/coinRequest

A strong community support would go a long way towards getting Zcoin added to Polo though we're working on building awareness of what Zcoin is and stands for as there's a lot of misunderstanding of what Zcoin is. There are still people that think Zcoin is a Zcash fork which has been addressed many times (including in the OP).

I already filled the coin request form on polo

[medsi2]

I like the new site and I voted on Poloniex

[Goruno]

I love this design and have a vote for polo already

[solid12345]

Why won't Roger Ver even fire off a simple tweet about Zcoin? He's favorited one of my Zcoin tweets but he won't make a public statement of support himself.

You'd think a guy $500k invested in this thing would be a bit more proactive....

[Flomess]

Why won't Roger Ver even fire off a simple tweet about Zcoin? He's favorited one of my Zcoin tweets but he won't make a public statement of support himself.

You'd think a guy $500k invested in this thing would be a bit more proactive....

Source on the 500k thing?

[jeremy grol]

wonder why price is still dropping since weeks....

btc pump - zcoin dump
btc dump - zcoin dump
zcoin coinpayment add - zcoin dump
zcoin website - zcoin dump
btc pump - zcoin dump

seems investors don't like current updates. any update coming? i mean, code update, not site,interview and shittie stuff. real code improvement.
we can't wait 3 month for an algo change. or yes, but price will always go down even more