What is Zcoin?
Private financial transactions, enabled by the Zerocoin Protocol
Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs. It is worth noting that Zcoin is unrelated to other cryptocurrencies utilizing the Zerocash Protocol. Although Zerocash is a development from Zerocoin, their respective implementations are not simple forks of each other, but rely on different cryptographic assumptions with various tradeoffs. Both approaches supplement each other quite nicely, and a good way to describe them would be sibling projects.
Mint. Spend. Repeat
With Zcoin’s Zerocoin Technology, you can “mint” a coin found on the public ledger into a private coin.
When it is time to spend your minted coin, the owner of the minted coin does not need to be revealed.
The process of minting and spending a coin can be completed as many times as you want, ensuring complete privacy.