Cryptocurrency Zcoin Have Just Released 'French Drop' Their Best Privacy Update Yet

Privacy cryptocurrency Zcoin ($XZC) is pleased to announce that it has released a new version called 'French Drop' which makes substantial privacy improvements for users.

Zcoin French Drop

Zcoin has announced their new release “French Drop”, which includes a completely rewritten implementation code, with substantial performance improvements and security fixes to the original Zerocoin library plus enhanced TOR integration. For users, this translates to increased confidence in the privacy features Zcoin is known for, plus TOR ease of use in the Zcoin wallet. The version “French Drop” is named after one of the most fundamental sleights of hand in coin magic which Zcoin sees as symbolizing the mathematical wizardry behind zero-knowledge proofs.

“We believe that update marks a major milestone in locking down Zcoin's fundamentals and privacy”, said Reuben Yap, their COO. “With this implementation, Zerocoin will work even more smoothly with code which is easier to audit. There are a few more changes that will be noted by users, like re-index time, which is 7-8 times faster now and verification time per spend, which has decreased by integrating additional data in a spend transaction. Some bugs have been squashed as well.”, he said.

We believe that update marks a major milestone in locking down Zcoin's fundamentals and privacy.

Reuben Yap

Chief Operating Officer, Zcoin

Several other improvements have been made such as incremental accumulator optimizations which make minting and spending faster in larger accumulator sizes and improved stability by eliminating the non-deterministic behavior.

“With this recode, Zcoin's users can have the best Zerocoin implementation available on the market”, said Founder Poramin Insom.

TOR Integration

Zcoin's dev team have integrated TOR into the Zcoin wallets, which allows users to enable TOR routing with a single click. Previously, TOR needed to be installed separately and configured to work with Zcoin.

Zcoin's implementation of TOR also includes TOR stream isolation, meaning now every single connection on the wallet goes through a separate TOR circuit and has a different IP address. TOR integration makes it easy to protect user's IP address while transacting on Zcoin without any additional installations required.

Next, their development team will be looking into the denominations and fee structure to further encourage the use of Zerocoin transactions in the wallet. Several other code improvements are also on the horizon.

The new version will be implemented with a hard fork at block 78500.

About Zcoin

Zcoin (XZC) is a cryptocurrency offering transaction anonymity through the Zerocoin protocol, based upon a research paper “Zerocoin: Anonymous Distributed E-Cash from Bitcoin” written in 2013 by Ian Miers et al at The Johns Hopkins University of Computer Science, Baltimore, MD. The paper has been cited three hundred and eleven times and was implemented as Zcoin by Poramin Insom and team with the main net release on September 28, 2016. Major seed investors of Zcoin include cryptocurrency experts Roger Ver and Tim Lee. Zcoin’s talented team, ASIC-resistant Merkle Tree Proof (MTP) algorithm, scalability, auditability, master nodes, block rewards, unique geo-location and active community make Zcoin a highly valuable cryptocurrency with important privacy features.

Source: Zcoin


Categories: Web Services, Information Technology, Currency

Tags: bitcoin, crypto, cryptocurrrency, electronic cash, XZC, zcoin

About ZCOIN (XZC) - Cryptocurrency

View Website

Zcoin ($XZC) is an open source decentralized cryptocurrency which was the first to implement the Zerocoin protocol which is cryptographic extension of Bitcoin and is under active development with funding in place for several years.