Zcoin (ZXC) - cryptocurrency review
Zcoin (ZXC) - cryptocurrency review

Zcoin (ZXC)

Rank: #45

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Zcoin Review

Zcoin is a digital cryptocurrency with which transactions are completely untraceable thanks to a process called ‘Zero Knowledge Proofs’. Like…

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Zcoin (ZXC) – cryptocurrency review


Zcoin is a digital cryptocurrency with which transactions are completely untraceable thanks to a process called ‘Zero Knowledge Proofs’. Like other cryptocurrencies, Zcoin is based on the famous Zerocoin protocol – a project designed to fix what many believe are privacy flaws in the Bitcoin protocol.

This is what makes the world of cryptocurrency so interesting: many believe that immutable and transparent ledgers of transactions are what make blockchain the evolution that society needs – decentralised ‘truth’ that cannot be manipulated by organisations like governments. While on the other hand, there are those that believe that people have the right to have their financial transactions kept completely anonymised and private.

Zcoin go to great lengths (verging on scaremongering) to explain the risks associated with BitCoin transactions, claiming that real-world identities can be unveiled, people’s Bitcoins could be seized, and even that innocent holders of Bitcoin could be implicated in crimes they did not commit. Really, Zcoin?!

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