As someone who has been closely following the anoncoin implementation of Zerocoin (see
https://wiki.anoncoin.net/Anoncoin_Wiki), it appears that this project is not legit.
1. The developers here do not seem to understand the difference between Zerocash and Zerocoin.
2. The developers have not described if their implementation will depend on trusted third parties or not.
3. If the implementation is trustless, how did they generate the RSA UFO? What is the bit length? Did they attempt to factor it?
4. What
exactly is the proof-of-work algorithm?
5. If you are using proof of work, then why do you also say that you are using proof of stake?
There are so many questions, and no answers.
BewareSCAM.