Firo (FIRO)

Firo (FIRO)

Rank #556

$1.86

0.79%

0.000089 BTC

FIRO
USD

MARKET CAP

$22.233M

ALL TIME HIGH

$169.99

VOLUME 24H

$1.255M

CIRC. SUPPLY

11.937M

VOL/MCAP

6.00%

TOTAL SUPPLY

12.428M

DILUTED MCAP

$39.857M

MAX SUPPLY

21.4M

1H USD

0%

24H USD

0.79%

7D USD

12.83%

30D USD

9.16%

60D USD

17.22%

90D USD

0%

Tag:

mineablepowmedium-of-exchangeprivacyView all

Firo Price Chart

24h Change

0.79 %

Firo - FIRO Profiles

Firo is a fairly new name for many Traders today. For more detailed information about this coin, please refer to the information we give below.

What is Firo?

Firo is known as a digital currency that is focused on setting standards for privacy. Originally, this cryptocurrency was called Zcoin and became the gold standard for on-chain privacy as early as 2016.

However, after a period of using the name Zcoin, the developers noticed that there was a sharp drop from 40th to 250th on Coinmarketcap rankings. This led them to make the decision to rebrand Zcoin to FIRO.

Outstanding features

What is the project trying to achieve?

Ecological bridge between Firo and DeFi of Ethereum

In 2020, Zcoin officially became the first project on StakeHound to deploy a liquidity bridge to Ethereum's DeFi ecosystem. As a result, Zcoin holders can reap huge profits from DeFi applications by staking XZC tokens. Not only that, Traders will also be rewarded for their staking activities.

According to current practice, half of the XZC has been staked in Znode. By using the StakeHound bridge along with more than 850,000 USD worth of Zcoin, investors will not have to choose between staking or participating in the DeFi ecosystem.

In addition, StakeHound will also convert XZC to a staked token XZC. It is known that this is a token of the ERC-20 type and has high liquidity. Therefore, StakeHound is considered a very good platform for applying tokenization of positions, helping recipients both receive rewards from staking and earn instant profits from the DeFi ecosystem.

Firo .'s Technology

Zcoin, also known as Firo, is fully responsible for some of the security protocols of the blockchain platform. Therefore, they are integrated with advanced technologies, namely:

Lelantus technology

Lelantus is an innovative technology developed by Aram Jivanyan at Zcoin. This technology allows Traders to “burn” the coins they own and hide them in an anonymous pool. Anyone who receives it can exchange money from this anonymous group.

The Lelantus protocol supports Sigma technology by eliminating the requirement for a fixed denomination. At the same time, it allows users to burn arbitrary amounts of money and exchange a portion of the amount with an undisclosed value. In addition, this technology does not require a reliable installation, but only needs to use DDH assumptions. They also support direct anonymous payments, allowing Traders to exchange and transfer funds to others.

Sigma Technology

Sigma technology was introduced into Zcoin 2018. Before that time, developers believed that the main purpose of blockchain was to create systems that did not require trust and to apply the same principles to the system. privacy system. That is also the reason why Sigma technology was built into the Zcoin system that year.

Sigma technology is the forerunner of Lelantus technology and promises to further develop this technology in the future and lead us to where we are today.

Dandelion Technology

Dandelion technology was born with the purpose of protecting users' IP addresses. Initially, this technology was used for Bitcoin as a way to conceal the origin of transactions.

Merkle Tree Proof (MTP)

The Merkle Tree Proof mining algorithm used by Firo promotes average mining while maintaining fast verification. At the same time, this algorithm also enhances the actual anonymity of transactions.

PoW

PoW is a perfect mechanism for Firo. They are equally distributed and more efficient when mined with commercial equipment. Participants in the network will receive block rewards when they provide computing power on other blockchain mechanisms such as ICOs, Airdrops, etc.

What Makes Firo Unique?

Firo's Lelantus privacy protocol and its predecessor, Sigma, relies as part of its construction a specialized zero-knowledge proof called one-out-of-many proofs which unlike other zk constructions, does not require a trusted setup or exotic math/cryptographic assumptions while retaining high anonymity sets.

It was also the first project to deploy Dandelion++ in October 2018, a method of propagating transactions that prevents third parties from linking an IP address to a transaction.

In November 2018, Firo's (then Zcoin) blockchain was used in the Thai Democrat Party's primary election to elect its party leader. With over 127,000 votes cast nationwide, it is the world's first large-scale political election held on a blockchain.

Firo was rebranded from Zcoin in October 2020.

Read Full Article: CLICK HERE

People

We found 5 people related to firo-firo, include Co-Founder Poramin Insom

Firo Price Live Data

FIRO Price

$1.86

Trading Volume

$1.25 M

All Time High

$169.99

1hour Change

-0.29%

24hours Change

0.79%

24hours Range

-0.79%

24hours Low

$4.38

24hours High

$4.84

Liquidity ±2%

$529.31 B

Bids -2%

$529,312.00

Asks +2%

$342,597.00

Market Cap

$22.23 M

Fully Diluted Market Cap

39.86 M

Circulating Supply

11.94 M

Total Supply

12.43 M

Max Supply

21.40 M

Firo Markets

See All Market
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