ZCoin - Adding Privacy to Financial Transactions

Posted by Matteo Poole on Feb. 3, 2019, 10:55 p.m.

Coin Discovery: ZCoin - XZC


Project Info and Use-Case  

Zcoin is a decentralized digital currency that focuses on the “privacy” and “anonymity” aspects of cryptocurrency transactions, through the implementation of Zerocoin protocol. Zcoin addresses privacy risks in crypto-transactions, by masking users identities with a two layer system.

The system involves two coins: Zcoin (as the base coin) and Zerocoin. The base coin is the regular coin where all transactions are transparent and visible on the blockchain. While the Zerocoin layer is where you can anonymise your coins, through Mint and Spend transactions.

This layer acts as a coin laundry where you convert your existing ‘dirty‘ coins (with a long transaction history) with new ‘clean‘ ones, that have no prior transaction history. Unlike other coin mixing solutions, Zerocoin doesn’t rely on trust of other people, as its built directly into Zcoin’s protocol.


Coin Specifications

Coin type: Proof of Work (POW), with 

Protocol: Zero-knowledge proof

Market Cap Avg: $34,327,629.63 USD (9134 BTC)

Volume Avg (24h): $509,695.77 USD (135.6 BTC)

Circulating Supply: 6,664,713 XZC

Max Supply: 21,400,000 XZC

Masternodes: Yes - 4,093

Additionally, ZCoin ($XZC) has been in existence since 2013, and its use-cases and adoption have been growing ever since. The following are some of the exchanges on which Zcoin is listed: Binance, Bittrex and Houbi. 


Coin Correlation Analysis for Portfolios:

>Zcoin (XZC-USD) showed a strong correlation of 0.82 with Bitcoin (BTC-USD) over the last 30 days, dropping to a low 0.13 over the last 14 days. Zcoin’s volatility has been on average around 4.69% daily, and only 1.18x higher than Bitcoin’s (3.99%).

>Overall: Preferred during Bullish markets, as it has higher lucrative potential than large caps, such as Bitcoin. Due to the coin’s volume and volatility, the ideal portfolio allocation is small, but significant.


TA (See Graph):


Published and Edited by: Matteo Poole - Head of Market Development at Yanda.io.

Disclaimer: Please keep in mind this is not financial advice, but just an argumented opinion, so don’t treat it as such.


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