What is Firo?
Zcoin is the first cryptocurrency to utilize the Zerocoin protocol ensuring complete privacy. It utilizes Zero-knowledge cryptographic proofs to hide transaction history and balances. With this protocol, you can mint your own private coin, spend it and mine another without revealing your identity.
Zcoin uses the Lyra2 hashing algorithm, but is soon to be replaced by Merkle Tree Proof (MTP) to enable democratic mining. There is a difference between Zcoin and Zcash. Even though the two pplement one another, they depend on different cryptographic codes. Zcoin uses RSA accumulators while Zcash utilizes zk-SNARKs. They both use trusted setups but have them implemented differently.
Zcoin was initially meant to be a Bitcoin extension, but was later developed independently. The main aim of this coin is to hide the identity of its users, ensuring freedom and anonymity in commerce. You can carry out a crypto transaction using this coin without worrying about revealing your address balance of history.
The coin's developers include its founder Poramin Insom, Tadhg Riordan, the Solidity developer, Peter Shugalev, the lead core developer.
In order for a node to have the ability to run a full blockchain to enable transactions to take place on the network, it requires staking of 1000 XZC.
Firo News And Market Price Data
- Historical Data
- It’s time for the philanthropic sector to embrace digital currenciesCointelegraph.com News - 10 hours agoSuch principles as decentralization and tokenization will enrich the nonprofit and charitable sectors via accepting donations in crypto. The amount of cryptocurrencies on the market…
- Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploitCointelegraph.com News - 13 hours agoThe hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay. Crypto exchange Bitmart lost…
- Jack Dorsey steps down from Twitter, MicroStrategy snaps up 7K BTC and Square rebrands to Block: Hodler’s Digest, Nov. 28-Dec. 4Cointelegraph.com News - 16 hours agoComing every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and…
- Things to know (and fear) about new IRS crypto tax reportingCointelegraph.com News - 23 hours agoThe new law redefines “cash” to include “any digital representation of value” including cryptocurrency, but in an anonymous system, is this going to work? The…
- Blockchains need to move toward standards for interoperable asset transfersCointelegraph.com News - 1 day agoA new emerging economy, which includes blockchain-native tokens, digital tokens, stablecoins and CBDCs, requires interoperable blockchain standards. Cross-chain asset transfer has been around for several…
Firo Frequenty Asked Questions
Where does Firo (FIRO) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Firo currently ranks in position 542 out of the top 1000 cryptocurrencies. Another important factor in popularity is Firo‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Firo has a market cap of $ 76,378,127, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 917,796,025,395, Litecoin at $ 10,642,819,685, Ethereum at $ 488,777,026,417, Tether at $ 76,356,264,588, and XRP at $ 37,809,101,518.
What is the price of Firo (FIRO) today (updated in realtime)?
The current price of Firo is $ 6.00 in USD. (The price in Euros is 5,30 €; and the price in Bitcoin is Ƀ 0.00012414 BTC.)
How has Firo (FIRO) performed recently?
Firo‘s price has decreased in the last 24 hours by -6.83%. The change in price over the last seven days was -18.60%. The trading volume over the last 24 hours was $ 3,160,679. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Firo‘s (FIRO) market supply?
The total circulating (available) supply of Firo is 12,644,649 FIRO. The total supply of Firo is 21,400,000 FIRO.
What is the 24 hour volume for Firo (FIRO)?
The 24 hour volume of Firo is $ 3,160,679.
What is Firo (FIRO) official website?
Firo‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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