ZCoin (XZC), Privacy coin with huge potential, low market cap, based on research

in #crypto7 years ago (edited)

Disclaimer - Do not take investing advice from me. Invest only what you are OK with losing. Nothing is certain in the cryptocurrency space.

ZCoin (XZC). Currently trading on Bittrex.

As of 13-06-2017
Current Market Cap: $$34,911,599 . VERY low marketcap
Circulating Supply: 2,428,920 XZC (low supply)
Current Price: $14.37 | 0.00567435 BTC
Ranked: 78

Pros:

  • ZCoin Mission: "Zcoin strives to increase individual liberty. By guaranteeing financial privacy, Zcoin can help ensure freedom of commerce. People should be able to transact however they want, as long as it does not infringe on the well-being or individual liberty of others. We are also big believers that freedom of commerce also facilitates peace and prosperity across countries and cultures. By guaranteeing financial privacy, Zcoin can directly guarantee fungibility, an essential property for free commerce."
  • Upcoming integration of Zerocoin technology with Ethereum also here
  • Active community on slack
  • Very clean website, normie friendly
  • Graph looks very bullish. No pumping/dumping has occurred on a large scale.
  • MTP integration soon.
  • Little marketing has been done, leaving room to expand.
  • Coin based on Zero Knowledge Cryptographic proof. " A zero-knowledge proof is a method in which one person can prove to another person that a given statement is true, without conveying any information apart from the fact that the statement is indeed true. "
  • Based on the Zerocoin paper. "Zerocoin was one of the most cited cryptography papers in the last 3 years, with over 200 citations."
  • Solid concept, real world use.
  • ZNodes coming soon.
  • Very good roadmap

Cons:

  • Implementation bug on 16-02-2017 which resulted in the generation of 370,000 Zcoins. worth about 410BTC at the time. It is my belief that this error has made the protocols within the development team more sound.
  • One wallet holds 818,583.2 XZC according to BlockExplorer. However that address is an address of a notable exchange.

ZCash vs ZCoin?

You can read the differences in detail here:

Most notable difference is:
Zcash conceals the amount of money sent in each transaction, whereas Zcoin does not. So Zcash is less prone to privacy timing attacks than Zcoin. On the other hand, this comes with a big tradeoff for Zcash, in the form of potentially undetected hyper-inflation in Zerocash’s money supply.

Technical analysis:

I am personally very interested to see where this coin goes in 2-4 weeks time. I estimate $28 within one month, and potentially 3 figures within 6 months. A three figure price would mean ZCoin has a market cap of $250m, which is still HALF of ZCash's current marketcap. If you have faith in the technology and team, then investing in ZCoin is a solid investment.

I look forward to hearing the communities' thoughts on this coin and the technology behind it.

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