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ZCoin (XZC)

XZC

ZCoin is a Proof of Work cryptocurrency using the Lyra2 hashing algorithm.

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Website: ZCoin

Algorithm: Lyra2RE
Proof Type: PoW
Fully Premined: no

ZCoin is a Proof of Work cryptocurrency using the Lyra2 hashing algorithm. It is an implementation of the Zerocoin protocol (http://zerocoin.org) guaranteeing true financial anonymity using ZK-Snarks. Zero-Knowledge proofs allows one to show ownership of a Zcoin coin without having to reveal which coin one owns.

Recently, the Zcoin protocol was found to have a typographic bug that costed the network roughly $400k. This bug, however, did not compromise the anonimity features of Zcoin.