Crypto Zcoin

in #crypto7 years ago

With Zcoin, the anonymity set is on a dramatically higher magnitude. Instead of having an anonymity set limited to the few dozen, Zcoin has an anonymity set that encompasses all minted coins in a particular RSA accumulator that can scale to many thousands and unlike other solutions is not subject to transaction graph analysis. Founder Zcoin says:"In a network that is dominated by ASICs, security is left in the hands of the few people who have the capital and technology to dominate the hash rate. It's been argued that with ASICs, the network is more secure due to the increased hash rate. In my opinion, it's not the absolute hash rate that matters, but rather the cost and the barriers to entry that you need to overcome to overtake the network.Said Insom"“One of the main reasons the Equihash scientists sought to create MTP was to improve upon the drawbacks of a long initialization phase.” .“Ultimately, MTP shortens the phase and keeps the algorithm “progress free” and independent of any previous events, leading to more decentralized mining.”"We hope that MTP becomes a serious choice of proof-of-work in cryptocurrencies and that Zcoin's implementation assists in further improvements in this area of research," he concludes.On this website you can find all the basic information https://zcoin.io/

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