Zcoin is a cryptocurrency allows users to send coins privately without recording transaction histories. Since BTC records every transaction on a distributed public ledger (blockchain), there is a potential for a person to link your identity to an address provided that wallet addresses are only pseudonymous. Through the use of Zcoin, you can establish exchangeability and privacy of your transactions. It provides more privacy to the cryptocurrency environment through the Zerocoin Protocol.
When Zcoin was created because the Zerocoin Protocol’s goals differed from Bitcoins, despite the protocol being originally planned to work on top of BTC. Bitcoin is more focused on ensuring stability in the money supply.
There will always be 21,400,000 Zcoins. Zcoin follows the same halving cycle (halving of block rewards) as Bitcoin (every 4 years).
Upon the launch of Znodes, the Founders and the team have agreed to reduce the original 20% Founders’ Reward to 14% of the block reward:
– 2% to founder Poramin Insom
– 6% to seed investors
– 6% and team wallet
After the first 4 years, the block rewards go completely to the miners and Znode rewards.