In the world of altcoins, we can never expect lack of momentum, one of the coin that recently entered the top 100’s is – Zcoin. It seems that the coin is taking baby steps with slight growth.
According to coinmarket cap, the coin has increased 1.34% against USD and trading at $8.37 USD. But, in terms of XZC/BTC the price declined by 0.15% with the coin is trading at 0.00157152 BTC respectively.
Currently, the coin has entered in the top 100’s and is ranking in 91st position, holding market cap $61,162,855 USD with $1,132,547 USD 24 hour volume and 7,311,374 XZC circulating supply.
Basically, Zcoin (XZC) was established on Sep 2016 as an open-source privacy-focused cryptocurrency token. To allow privacy, Zcoin uses zero-knowledge proofs through the Zerocoin protocol.
Zerocoin is a cryptocurrency built as extension to the Bitcoin protocol to add cryptographic anonymity to Bitcoin transactions. In particular, Zcoin operates a multi-node model where mining nodes verify blockchain transactions and Znodes store blockchain data.
Recently, The privacy-centered Zcoin platform have opted for going totally private, and thus gave up all the names so customers’ transactions would not be traced even by the most state-of-the-art blockchain experts using the best DLT tracing software.