The greatest milestone for XZC was achieved in the spring of 2019 when the Firo team has finally released Sigma – a new protocol that replaced the previous Zerocoin protocol. It allows processing Firo transactions anonymously without using TOR or VPN yet hiding the sender’s IP address. To bring even more anonymity to Firo cryptocurrency transactions, the project’s team introduced a Dandelion protocol in 2018. Notably, the initial investors of the Firo project were Roger Ver and Tim Lee, who have definitely added credibility to the XZC cryptocurrency. Firo has become the first cryptocurrency to implement Zerocoin protocol. It was launched in late September 2016 by a former student of the same John Hopkins University, Poramin Insom and his team. The protocol was considered to be implemented into the Bitcoin blockchain but met with resistance from the Bitcoin community. The main goal was to introduce a way of anonymized cryptocurrency transactions that couldn’t be tracked.įollowing this protocol, the cryptocurrency transaction would eliminate a trusted third party interference by being destroyed and then minted again, so that no one could track the history of the transaction. The zerocoin protocol was proposed in May 2013 by John Hopkins University professor, Matthew D.
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