What is Zcoin (XZC) ?

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.

Business Models

The Zerocoin Protocol works by minting a new coin everytime a private transaction is sent. These new coins, called Zerocoins, are not tied to any of the previous transaction sent by the user. This process prevents and removes the possibility of figuring out who owns a particular coin. The Zerocoin Protocol is a perfect example of what a zero-knowledge proof system. It is a means of showing that you have information despite not revealing the information.

How to Deposit Zcoin with Bluebelt

1

Go to https://www.bluebelt.asia/
and Register for an Account

2

You can deposit your Zcoin (XZC) into your Bluebelt General Account wallet and Exchange wallet, both of which use multisignature technology, for safekeeping

3

You can also trade your Exchange wallet’s Zcoin (XZC) with Bitcoin (BTC) and Ether (ETH) on Bluebelt Exchange

Frequently Asked Questions

1. Why was Zcoin created when there’s Bitcoin already?

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.

2.What are the total Zcoin supply and total Zcoin distribution?

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.