Secure your (XZC) assets
Secure your ZCoin assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' ZCoin assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.
Secure your ZCoin (XZC)
Secure multiple assets, including ZCoin, using a Ledger Hardware Wallet.
Your private keys, giving access to your assets, remain safe in a certified secure chip.
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What is ZCoin (XZC)
ZCoin is an anonymity-oriented cryptocurrency that relies on its Sigma Protocol to mask transaction details on its public blockchain ledger. Sigma is one of the first implementations of the cryptographic primitive, zero-knowledge proofs, and ZCoin’s design has inspired several other privacy-focused cryptocurrencies to follow its lead.
Founded in 2016, ZCoin also pushes the envelope on other privacy-preserving technologies, such as its integration of Tor and Dandelion for network-layer protections against privacy intrusions.
ZCoin (XZC) features
ZCoin is an open-source, UTXO cryptocurrency that is a fork of the Bitcoin protocol and was originally designed to extend the privacy capacity of the legacy cryptocurrency.
ZCoin distinguishes itself from Bitcoin and other cryptocurrencies in several clever ways, including the implementation of its MTP hashing algorithm for its PoW consensus (designed to be ASIC-resistant), and its unique Sigma Protocol version of zero-knowledge proofs (ZKPs).
The Sigma Protocol is the cardinal feature of ZCoin, which formerly relied on the ZeroCoin protocol for its use of ZKPs. Sigma Protocol is different in that it has an anonymity set encompassing all minted coins in a particular RSA accumulator set. Users can mint and burn privacy coins in ZCoin without a transaction history, thus severing any links between inputs and outputs on the network.
ZCash extends this privacy emphasis to the network layer with Tor, the onion-routing overlay network, and Dandelion -- a broadcasting protocol designed to make tracing IP addresses more challenging.
Like some other privacy-oriented cryptocurrencies (e.g., Monero), ZCoin has an egalitarian focus on mining with a strong position on maintaining decentralization. Using its MTP mining algorithm, ZCoin precludes specialized mining hardware, called ASICs, from being able to mine on the chain -- fostering a mining ecosystem of CPUs and GPUs.
The XZC coin follows a mining schedule derived from Bitcoin, where block reward halving occurs every 4 years, and is also coupled with a founders reward that allocates 7 percent of mining rewards to the founders for the first 4 years.