( [ANN] ) (PUNZ) - Making Crypto Great Again - Zerocoin Being Implemented

[CryptoWiz420]

punz is coming to save cryptocoinz.
Made in America:
x13
PoW
dPoS
Premine (Bounties, Swaps of other coins, anything else)
Future Plans:
Full working implementation of Zerocoin for anonymous transactions.

How does Zerocoin work?
Most cryptocurrencies including Bitcoin rely on public ledgers. This means that all transactions are public, and the history of a coin can be traced from its inception, and all the transactions that it has been involved in.

Although the ownership of addresses are not known, through advances in statistical analysis and other meta-data (such as IP, time, use of exchanges), researchers have managed to reasonably accurately tie ownership of addresses to a real life identity.

As the blockchain forms a permanent record, they can be endlessly analyzed and once the identity is revealed, all the history of the coin is also tied to the identity.

This can be problematic for example if someone used Bitcoin to do some illegal activity and that particular Bitcoin somehow ended up in your hands, you may be implicated just by virtue of being in possession of that Bitcoin. Furthermore, if you are business or merchant, you may not want competitors to have knowledge of your transactions. With a public and transparent blockchain like Bitcoin's, this may be problematic to achieve.

Some have tried to make it harder to do this by using coin mixers/tumblers. However, this involves trusting that the mixer/tumbler will not steal your money and also is not secretly recording how the coins are being mixed.

Zerocoin technology, which Punz uses, allows the anonymization of coins that doesn't require you to put your trust in a mixer.

The easiest way to visualize Zerocoin tech is a black box, where everyone who wants to anonymize their coins places their coins in it. When they are ready to spend the coin, they produce a proof that they did place coins in the box, but the proof does not state which coin they placed. The proof could refer to any of the millions of coins in the box, and nobody knows which coin the proof is referring to. The proof simply states that the creator of the proof has placed a coin in the box, without giving any specific information about which coin it is. When other people see this proof, they have no idea who created this proof but are mathematically convinced that it is a valid proof. If the proof is valid, the proof entitles the proof creator to create a new coin with no transaction history and not related to any of the coins in the box, provided that it is of the same value. This means there is no linkage between the deposit transaction into the box and the redemption transaction whereby a coin is taken from the box.

The innovative part of Zerocoin is how this proof is generated where although you deposited the money into the box (and this transaction is recorded in the blockchain), you are somehow able to prove that you deposited into the box, without revealing which 'deposit' transaction was originally yours, hence the term 'zero knowledge proof'.

Together, We Will Make Cryptocurrency Great Again.
Source Code: https://github.com/viv420/punz
Windows QT: https://mega.nz/#!CBxlWboD!uEMREQZQxlW48Wfy6iYVkuHVDrGRzqeVwjMbkPxaThE
CPUminer: https://github.com/tpruvot/cpuminer-multi/releases
GPUminer: https://github.com/lasybear/sph-sgminer_x11mod
POOL: http://Cryptomine.co.uk:8080/getting_started
 
addnode=24.194.254.216
addnode=94.209.4.129
addnode=106.127.163.217
addnode=37.113.177.136
addnode=54.244.63.19
addnode=91.241.174.13
addnode=69.130.152.117




post da best punz. send da best address to me.

[1715101553]

1715101553

[1715101553]

1715101553

[CryptoWiz420]

I may have to extend the countdown.. The coin is not done yet.
We truly are going to make crypto great again.

[AngelOfDarkness]

I may have to extend the countdown.. The coin is not done yet.
We truly are going to make crypto great again.

Is the countdown timer right now?

[cengsuwuei]

you not serious create annoucment thread your coin
why only picture donald trump in your write thread
nothing spefication your coin in your write

[CryptoWiz420]

you not serious create annoucment thread your coin
why only picture donald trump in your write thread
nothing spefication your coin in your write

X13

[DeadBirdzz]

you going to grab them by the pussy?

[AngelOfDarkness]

Stop the suspense just tell us how much is the premine so I can decide if I can go to bed or not 

[CryptoWiz420]

Stop the suspense just tell us how much is the premine so I can decide if I can go to bed or not 

Y do u need to know? Premine not for u

[AngelOfDarkness]

Stop the suspense just tell us how much is the premine so I can decide if I can go to bed or not 

Y do u need to know? Premine not for u

I know greedy dev, if your premine is to big you will dump it and that is end of the story.

Not mining shit.

[AngelOfDarkness]

Stop the suspense just tell us how much is the premine so I can decide if I can go to bed or not 

Y do u need to know? Premine not for u

With your arrogant attitude you will get nowhere.

[AngelOfDarkness]

Coming Soon. This will not be a disaster like Hillary (copied from ann).

At least Hillary run her campaign in a well and timely manner.

Goodbye!!!!!

[olkah]

Wallet ?!

[CryptoWiz420]

Wallet ?!

Coin release has not happened yet.

[kamiyama]

When do you get new information?

[CryptoWiz420]

When do you get new information?

What kind of information are you looking for?

[kamiyama]

When do you get new information?

What kind of information are you looking for?

I want to know the difference between this coin and other coins.

What is the goal of this coin?

[olkah]

When do you get new information?

What kind of information are you looking for?

I want to know the difference between this coin and other coins.

What is the goal of this coin?

The goal of coin to drop it and drain

[CryptoWiz420]

When do you get new information?

What kind of information are you looking for?

I want to know the difference between this coin and other coins.

What is the goal of this coin?

[kamiyama]

I want to know the meaning of this thread.

[CryptoWiz420]

I want to know the meaning of this thread.

Its the release thread for punz.. thought that was obvious