Altcoins

Zcoin Activates Sigma Privacy Protocol

Zcoin’s Sigma privacy protocol will be activating today on Zcoin mainnet. Sigma privacy protocol will be a replacement to Zerocoin privacy protocol which had couple of security issues that were exploited by bad actors against privacy coins and to forge zero-knowledge proofs and create coins out of thin air . This vulnerability was discovered by Zcoin team.

Sigma privacy protocol will reduce proof size from 25 kB to 1.5 kB and will improve the security layer. More details about Sigma privacy protocol features can be found here

What is Zcoin?

Zcoin is a decentralized, digital currency that primarily focuses on the privacy and anonymity. It is the first cryptocurrency that fully implemented Zerocoin protocol. its ticker “XZC”.

Zcoin USD price chart for the last 7 days:

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

Recent Posts

Binance Delists Four Major Cryptocurrencies: What You Need to Know

Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More

6 months ago

LocalMonero Announces 6-Month Shutdown Plan

LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More

7 months ago

Telecom Giant Vodafone Bringing Crypto to the Masses Via SIM Cards

The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More

7 months ago

No Evidence of Hack, Says Bitfinex CTO Amid Ransomware Gang’s Allegations

In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More

7 months ago

Indian Police Seize 268 Bitcoins Worth $17 Million in Crypto Bust

Indian authorities have seized large sum of bitcoins from a resident of Haldwani, a… Read More

7 months ago

Smart Contract Hacking Costs Ex-Engineer $12M and His Freedom

A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More

8 months ago