ZCoin XZC

$5.57
Market Cap $ 36.758 MM (#93)
24h Volume $ 1.016 MM
Chg. 24h: 7.08%
Algo. score 4.1/5  (#36)
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ZCoin News

PvP coin flipping with Zcoin $XZC on @CrownsCrypto ...

PvP coin flipping with Zcoin $XZC on @CrownsCrypto https://t.co/NmxINKoNcg

a day ago

zk-SNARK Glitch Could Result In Crypto Double Take

Fundamental flaws with zk-SNARKs, the privacy algorithm used in Zcash (ZEC), may allow malicious agents to mint additional tokens, according to the COO of a rival privacy coin. Reuben Yap, the Chief Operating Officer at Zcoin (XZC), says that unproved cryptographic assumptions and possible bugs with zk-SNARKs place blockchains using the algorithm - like Zcash - at a security risk. Believing it to be a “very real threat,” hackers may be able to exploit this weakness, enabling them to double-spend on the network, Yap argues. “The main disadvantage of zk-SNARKs... is the fact they [sic] rely on relatively new cryptographic security assumptions,” Yap said, in an email exchange with Crypto Briefing. “A flaw in the cryptography...will allow an attacker to create coins out of thin air without being detected.” What are zk-SNARKs? zk-SNARK, short for zero-knowledge succinct non-interactive arguments of knowledge, is an algorithm that can check the validity of a transaction while simultaneously keeping confidential or personal information private, otherwise known as zero-knowledge. Zcash was the first coin to use zk-SNARKs, but other cryptocurrencies have expressed interest. Platform network TRON (TRX) announced plans to integrate the algorithm in early December. What are the vulnerabilities? zk-SNARKs algorithm rests on an assumption known as the first Knowledge of Exponent Assumption - KEA1. Formulated more than a decade ago, it simply states that transactions must be correct if they have a certain output. This is what makes zero-knowledge privacy possible. KEA1 is the linchpin for zk-SNARKS and the foundation for any blockchain which uses the algorithm. KEA2, a later cryptographic assumption, was conclusively falsified in an academic paper published in 2004. Yap admits that no one has yet managed to break KEA1, but that doesn’t mean it’s completely watertight. Now that billion-dollar networks use zero-knowledge tech- with more looking to adopt it - there are obvious incentives for malicious agents to break it. Someone able to crack KEA1 would have an unrestricted ability to print tokens and double-spend at will, without anybody knowing. “If the assumption breaks, then the cryptography breaks. If the cryptography breaks then it would be possible to fake proofs and potentially more,” Yap wrote. Are trusted setups...’trustworthy’? Other figures have expressed concern over zk-SNARKs, mostly around the need for a ‘trusted setup.’ A trusted setup is an event where cryptographers create a public key, needed to generate and verify proofs, and destroy the associated private key to prevent malicious actors from subverting the protocol. Cryptographers from all over the world participate, each of whom has a small part of a private key. A public key is assembled from the numbers, whereas fragments of the private key - known as “toxic waste” - are destroyed. Anyone with access to the private key would have been able to mint tokens at will. Therefore, there is a significant incentive for someone to create a backdoor. Zcash went to extreme lengths - even destroying the computers involved in the original 2016 ceremony - to ensure all parts of the private key were destroyed. However, oversights - like the fact that part of the software was not verified, and only released a day before the ceremony - could put the network in peril. Developer Peter Todd, who participated in the 2016 ceremony, says that a compromise in the trusted setup would also compromise privacy. He believes the network’s parameters can be constructed in such a way that “absolutely can wreck privacy:” There’s been some claims made recently that a compromise of the Zcash trusted setup can’t compromise privacy. I checked with one of the cryptographers working on zk-SNARKs, and these claims are false. A compromised MPC absolutely can wreck privacy; Zooko needs to correct this. pic.twitter.com/07tfMQQurL — Peter Todd (@peterktodd) September 27, 2018 This could throw wrenches into the works of a currency mainly distinguished by enhanced anonymity. “What’s at stake here is that if the parameters were not destroyed correctly, someone can create coins out of thin air without being detected,” Yap wrote. “If the ceremony was compromised, the overall privacy may be broken, unveiling transaction and user details.” “Above my paygrade” Zcash is known as a privacy protocol, but few transactions used zk-SNARKs until quite recently. Prior to the Sapling update, the algorithm took significant computational power, making transactions prohibitively expensive. Sapling, which went live in late October, drastically reduces the amount of computational power required, even making it possible to send zk-SNARKs-enabled transactions from mobile devices. Zcash has also been added to some of the most exclusive cryptocurrency exchanges. Coinbase only listed the privacy coin at the end of November. Gemini’s ZEC-USD trading pair is popular, with a trading volume worth $250,000 in the p

2 days ago

Zcoin COO Claims zk-SNARK Glitch Could Result In Crypto Double Take

Fundamental flaws with zk-SNARKs, the privacy algorithm used in Zcash (ZEC), may allow malicious agents to mint additional tokens, according to the COO of a rival privacy coin. Reuben Yap, the Chief Operating Officer at Zcoin (XZC), says that unproved cryptographic assumptions and possible bugs with zk-SNARKs place blockchains using the algorithm - like Zcash - at a security risk. Believing it to be a “very real threat,” hackers may be able to exploit this weakness, enabling them to double-spend on the network, Yap argues. “The main disadvantage of zk-SNARKs... is the fact they [sic] rely on relatively new cryptographic security assumptions,” Yap said, in an email exchange with Crypto Briefing. “A flaw in the cryptography...will allow an attacker to create coins out of thin air without being detected.” What are zk-SNARKs? zk-SNARK, short for zero-knowledge succinct non-interactive arguments of knowledge, is an algorithm that can check the validity of a transaction while simultaneously keeping confidential or personal information private, otherwise known as zero-knowledge. Zcash was the first coin to use zk-SNARKs, but other cryptocurrencies have expressed interest. Platform network TRON (TRX) announced plans to integrate the algorithm in early December. What are the vulnerabilities? zk-SNARKs algorithm rests on an assumption known as the first Knowledge of Exponent Assumption - KEA1. Formulated more than a decade ago, it simply states that transactions must be correct if they have a certain output. This is what makes zero-knowledge privacy possible. KEA1 is the linchpin for zk-SNARKS and the foundation for any blockchain which uses the algorithm. KEA2, a later cryptographic assumption, was conclusively falsified in an academic paper published in 2004. Yap admits that no one has yet managed to break KEA1, but that doesn’t mean it’s completely watertight. Now that billion-dollar networks use zero-knowledge tech- with more looking to adopt it - there are obvious incentives for malicious agents to break it. Someone able to crack KEA1 would have an unrestricted ability to print tokens and double-spend at will, without anybody knowing. “If the assumption breaks, then the cryptography breaks. If the cryptography breaks then it would be possible to fake proofs and potentially more,” Yap wrote. Are trusted setups...’trustworthy’? Other figures have expressed concern over zk-SNARKs, mostly around the need for a ‘trusted setup.’ A trusted setup is an event where cryptographers create a public key, needed to generate and verify proofs, and destroy the associated private key to prevent malicious actors from subverting the protocol. Cryptographers from all over the world participate, each of whom has a small part of a private key. A public key is assembled from the numbers, whereas fragments of the private key - known as “toxic waste” - are destroyed. Anyone with access to the private key would have been able to mint tokens at will. Therefore, there is a significant incentive for someone to create a backdoor. Zcash went to extreme lengths - even destroying the computers involved in the original 2016 ceremony - to ensure all parts of the private key were destroyed. However, oversights - like the fact that part of the software was not verified, and only released a day before the ceremony - could put the network in peril. Developer Peter Todd, who participated in the 2016 ceremony, says that a compromise in the trusted setup would also compromise privacy. He believes the network’s parameters can be constructed in such a way that “absolutely can wreck privacy:” There’s been some claims made recently that a compromise of the Zcash trusted setup can’t compromise privacy. I checked with one of the cryptographers working on zk-SNARKs, and these claims are false. A compromised MPC absolutely can wreck privacy; Zooko needs to correct this. pic.twitter.com/07tfMQQurL — Peter Todd (@peterktodd) September 27, 2018 This could throw wrenches into the works of a currency mainly distinguished by enhanced anonymity. “What’s at stake here is that if the parameters were not destroyed correctly, someone can create coins out of thin air without being detected,” Yap wrote. “If the ceremony was compromised, the overall privacy may be broken, unveiling transaction and user details.” Every time Zcash hard forks, like Power of Tau in early 2018, a new trusted setup has to be performed. “Above my paygrade” Zcash is known as a privacy protocol, but few transactions used zk-SNARKs until quite recently. Prior to the Sapling update, the algorithm took significant computational power, making transactions prohibitively expensive. Sapling, which went live in late October, drastically reduces the amount of computational power required, even making it possible to send zk-SNARKs-enabled transactions from mobile devices. Zcash has also been added to some of the most exclusive cryptocurrency exchanges. Coinbase only listed the privacy coin at the en

2 days ago

Zcoin $XZC working hard at our Bangkok office after our dev ...

Zcoin $XZC working hard at our Bangkok office after our dev meeting. In photo from left to right is Maria, Putta, R… https://t.co/OuyEQRS7Ej

5 days ago

@Scotty1063 @eblockcoin They do use the Zerocoin protocol wh...

@Scotty1063 @eblockcoin They do use the Zerocoin protocol which we were the first coin to implement but Zcoin is th… https://t.co/GBFC7nzCgy

14 days ago

@Scotty1063 @eblockcoin Appreciate that Zcoin is not tagged ...

@Scotty1063 @eblockcoin Appreciate that Zcoin is not tagged in this. Zerocoin is the protocol, Zcoin is the coin an… https://t.co/Ya3UOMB3oa

14 days ago

TRX/XRP pair goes live on Taiwanese exchange Bitrue

Bitrue, a Taiwanese cryptocurrency exchange, announced the launch of the much-awaited TRX/XRP pair today, on January 4. The exchange took to Twitter and announced that the pair was open for trading from today. The exchange said: “We’re thrilled to announce the launch of our most demanded $XRP-Base Pair: TRX/XRP! $TRX/ $XRP is open for trading now! @Tronfoundation + @BitrueOfficial @justinsuntron & @Curis_Wang @XTRA_HRDCOR_XRP @JesusXRP and more! Happy trading!” Bitrue had promised to add five pairs with XRP in December 2018 and has said that the rest will go live soon. The exchange will be announcing the remaining four pairs by the end of this week. At the time of the previous announcement, Bitrue had asked its followers of the pairs they wanted to see and Tron [TRX] and Cardano [ADA] seemed like a popular choice. Bitrue was the first exchange to add XRP as the base pair, before which there were exchanges which had added Bitcoin [BTC] and Ethereum [ETH] as the base pairs. Following Bitrue’s decision, Binance too added XRP as the base pair, with the initial pairs being announced as Tron [TRX], and Zcoin [XCZ]. Bitrue aims to provide transparency to the Initial Coin Offering [ICO] market by a profession selection of the ICOs. Bitrue CEO, Curis Wang, had previously stated: “Bitrue is committed to list only legitimate and promising tokens on our platform. With our professional process and team for currency selection, Bitrue is able to screen candidates and build a healthy environment for trading.” In terms of trading, the base currency is the currency using which users can buy other cryptocurrencies. The users will be able to use their XRP reserves to buy other cryptocurrencies. Wang had also stated during the launch: “Bitrue has made transaction safety the core element of its products, as more than 90% of user assets in its system are stored in cold wallets and critical messages are located in distributed storage systems with multiple clusters. The exchange has even created an internal risk control model with four certification levels, a multi-layer trading infrastructure, an independent trading domain and real-time monitoring capabilities.” Tron, the tenth-largest cryptocurrency was valued at $0.0202, with a market cap of $1 billion and a 24-hour trade volume of $120 million at the time of writing. Tron registered an overall growth of 7.53% over the past week. The post TRX/XRP pair goes live on Taiwanese exchange Bitrue appeared first on AMBCrypto.

15 days ago

Check out @tokenview2018's Zcoin $XZC explorer which also ha...

Check out @tokenview2018's Zcoin $XZC explorer which also has Korean, Chinese and Russian language support. https://t.co/Tjv2Tcn15T

20 days ago

@crypt0snews Hi Omar! The Binance listing of XZC on a XRP pa...

@crypt0snews Hi Omar! The Binance listing of XZC on a XRP pair was a pleasant surprise! We have committed to donate… https://t.co/vnjV9oBBVR

23 days ago

Binance is Accused of Taking Bribes from Ripple After ETH Listing is Changed to ALTS

Binance CEO Changpeng Zhao (CZ) recently tweeted “The XRP base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get.” Some have interpreted this tweet as a suggestion that Ripple needs to pay a listing fee in order for the exchange to list new XRP base trading pairs and CZ directed those calling for a listing to Binance’s Listing Tips page. The suggestion that “all listing fees” are “donated” to the Binance Charity Foundation and the explanation that “there is no fixed number. Just propose a number you are comfortable with” leads some to believe that Binance is essentially saying crypto-startups must ‘donate’ funds to its charity in order to be considered for listing. Members of the crypto-community are now questioning the peculiar XZC / XRP and TRX / XRP pairing and Expanse founder Christopher Franko also questions this process as he believes the listing fee is a “donation but if they aren’t a tax-exempt organization (charity) then they can and will skim off the top of the donation and no one will ever know.” (RS)

23 days ago

Since the public release of the CryptoDredge MTP miner, hash...

Since the public release of the CryptoDredge MTP miner, hash rate of Zcoin has almost doubled in a space of 24 hour… https://t.co/WNi2dNY0rV

23 days ago

Binance Lists XRP as a Base Pair

On Monday Binance added Ripple’s XRP as a base currency in the cryptocurrency exchange. This should increase the utility and volume of XRP as the currency will now be used as a primary asset to purchase a variety of cryptocurrencies listed on Binance. The move is significant as Binance is one the largest cryptocurrency exchanges by daily trading volume and the exchange will begin by launching TRX / XRP and XZC / XRP pairings. Binance CEO Changpeng Zhao (CZ) also announced that the exchange would be renaming the Ethereum market to “ALTS” market due to a lack of space on the platforms user interface. CZ revealed that Binance will “prioritize adding more pairs for the projects that have donated to our charity [even though] we never mentioned this during our fundraising efforts.” (RS)

a month ago

Merry Christmas and a Happy New Year to everyone from the Zc...

Merry Christmas and a Happy New Year to everyone from the Zcoin $XZC team! Thank you for your continued support and… https://t.co/YemVsCZEcN

a month ago

RT @cz_binance: We would like to thank TRX and XZC for suppo...

RT @cz_binance: We would like to thank TRX and XZC for supporting #Binance charity efforts. Enjoy the holidays! https://t.co/UurNGLPk5Q

a month ago

Zcoin Shifts to New ASIC-Resistant MTP Algorithm

Zcoin has already migrated to a new ASIC-resistant algorithm and mining software called MTP. Although it is still under development, CPUs and GPUs some miners are already available for both AMD and Nvidia. However, if you intend to mine Zcoin, it is crucial to note that a large memory requirement both for GPU and mining rig is required. The CPU miner for MTP requires a fixed memory of 4GB for each thread, meaning 32GB worth of RAM is needed for an 8-core processor. Just like the CPU miner, the AMD GPUs miner also demands large memory requirements. (VK)

a month ago

Zcoin Releases Academic Paper on Lelantus Protocol to Tackle Privacy Blockchain Issues

Some of the challenges faced by privacy blockchains include scalability and useability. Yet, one privacy coin believes it has the answer to solving these with its new protocol. Zcoin, which in November had a Thai song added to its blockchain to fight censorship and government corruption, has released an academic paper for its Lelantus protocol. It is […]

a month ago

An excellent guide from @pool2miners on how to mine Zcoin $X...

An excellent guide from @pool2miners on how to mine Zcoin $XZC! #mining https://t.co/Ajq91rOjM3

a month ago

Another sweet merchant for Zcoin $XZC! ...

Another sweet merchant for Zcoin $XZC! https://t.co/5GrRO48Vvu

a month ago

RT @reubenyap: Zcoin $XZC featured on Nasdaq with me @reuben...

RT @reubenyap: Zcoin $XZC featured on Nasdaq with me @reubenyap and @InsomPoramin. https://t.co/VeVQBETn6M

a month ago

Zcoin Implements ASIC Resistance, And UAE Simplifies KYC With Blockchain

The State of The Market — December 6, 2018 BTC: $3,760.44 (-3.42%) XRP: $0.334216 (-3.85%) ETH: $98.98 (-8.59%) After Bitcoin crashed below $4,000 yesterday, it continued to fall, reaching a low of $3,678. However, there was a strong $100 rebound right after that and it has been trading in those levels for the past few hours. The crypto market lost more than $6 Billion in the last 24 hours. Ethereum barely managed to hold on to its support at $100. Meanwhile, Bitcoin Cash and EOS suffered the biggest losses for the third consecutive day, going down by 16.3% and 8.7% respectively. In other news, Cybersecurity expert Mark Nesbitt recently revealed that Vertcoin experienced a 51 percent attack. A group of unknown hackers rented a huge amount of ASIC hash rate to infiltrate Vertoin’s network. Once in control of the network, the hackers were able to launch a double spending exploit which netted $100,000. Also, world’s largest financial institutions are still bullish on crypto despite bear market. Fidelity, Nasdaq, Baidu, and Sequoia are just a few of the largest venture capitalists and financial institutions that are placing bullish bets on the future of crypto. Many of the investment and crypto-custody platforms developed by large institutions are scheduled to launch in Q1–2 of 2019. 1) Zcoin has implemented Merkle Tree Proof (MTP) cryptocurrency mining, a new mining algorithm that hinders ASIC, FPGA, and botnet mining. MTP is a solution aimed at resolving the difficulties encountered by small-time miners. Most mining algorithms are disposed to ASICs and FPGAs. 2) The Abu Dhabi Global Market (ADGM), an international financial free zone within the United Arab Emirates has announced the successful completion of the blockchain trial for its know-your-customer (KYC) application. The trial was conducted along with its regulator Financial Services Regulatory Authority (FSRA), and KPMG as its project advisor. The trial concluded that blockchain has radically simplified the cumbersome and cost-intensive KYC process. ADGM also added that the application provides an unalterable audit trail, and is compliant with the EU’s GDPR data privacy rules. The FSRA is now planning to take the project to the next phase, to ease access to banking services for small and medium-sized enterprises. 3) According to Twitter account ‘BTCKING555’ that exclusively tweets on Bitmain, things are not looking good for the Chinese mining giant. Bitmain has reportedly recorded its worst quarter, losing $740 Million in Q3, 2018. The account also added that the actual number could be higher because the losses do not account the additional expenses incurred during the Bitcoin Cash fork war. Poor sales, and the crypto market crash has affected the firm’s cash streams. If the rumours are true, it could severely affect Bitmain’s IPO ambitions. (VS)

a month ago

Zcoin Implements FPGA and ASIC Resistant Merkle Tree Proof (MTP) Cryptocurrency Mining

According to a report, Zcoin has today implemented Merkle Tree Proof (MTP) cryptocurrency mining, a new mining algorithm that hinders ASIC, FPGA, and botnet mining. MTP is a solution aimed at resolving the difficulties encountered by small-time miners. Most mining algorithms are disposed to ASICs and FPGAs. (VK)

a month ago

Our 3rd December Zcoin $XZC development update. *Final touch...

Our 3rd December Zcoin $XZC development update. *Final touches on MTP with huge performance improvements. *Sigma wa… https://t.co/dlJJs0arJj

2 months ago

Zcoin $XZC and @InsomPoramin making front page news for thei...

Zcoin $XZC and @InsomPoramin making front page news for their role in carrying out the world's first large scale bl… https://t.co/9XacCBD3QA

2 months ago

If Zcoin $XZC could have a new name, what should it be (or d...

If Zcoin $XZC could have a new name, what should it be (or do you think we should stick with it)? Ideally starting… https://t.co/PTAijbNvIZ

2 months ago

Bitcoin Interest Shoots To Eight Month High

Public interest in Bitcoin (BTC) has unexpectedly returned this month, with the number of Google searches reaching levels not seen since the tail-end of the great crypto bull run. Google Trends, which compiles search volume data over time, found the number of searches worldwide for ‘Bitcoin’ have more than doubled since the beginning of November. The website, a subsidiary of the search engine, found that in a range of 1-100 since the start of the year, ‘Bitcoin’ searches this week reached 17; up from 8 in the first week of the month. This was the highest number of searches since the first week of April, around eight months ago. Other crypto-related terms have also seen mild upswings in search volume, but not to the same scale as Bitcoin. ‘Cryptocurrency’ has also seen a mild upswing, up to 12, which it last reached in the first week of August, when the SEC delayed their decision on Cboe’s proposal for a bitcoin exchange-traded funds (ETFs). Search volumes for the term ‘Ripple’, the company behind the settlement and remittances token, XRP, haven’t really moved over the past three months. Searches for Ethereum (ETH) saw a mild uptick but were still below where they were in mid-September. Public interest in Bitcoin Cash (BCH) increased in mid-November to the highest it had been since the start of the year. This coincided with the hard fork two weeks ago, when the rivalries between the two sides attracted the attention of the mainstream press. Is A Boost For Bitcoin Interest Good? The increase in search volumes for Bitcoin coincide with the market wipeout that occupied most of November. Bitcoin fell through all of its support levels, falling to a new yearly low of $3,600 on Sunday evening; cryptocurrency’s total value shed just under $100bn in two weeks. The story, which occupied most crypto-oriented news sources, was also picked up by the mainstream media, which may explain the uptick in interest. “When you hit near bottom, it changes people’s perspective,” said Alexis Roussel, CEO of Bity, a crypto finance platform. “Traditional commentators say bitcoin is dead, but in reality, the number of real use cases is only growing. We are now entering the ‘BUIDL’ era, a time when the industry has a chance to mature.” The market has yet to recover, but it has brought bitcoin, and by extension cryptocurrencies, back into the spotlight. Although this month’s search volumes are still far below where they were last year, renewed interest is a promising sign. “The overall increase in crypto awareness is a good thing,” said Reuben Yap, the Chief Operating Officer (COO) for Zcoin, a private transactions protocol. “Bitcoin is a safe haven and is not going anywhere. While the same cannot be said for altcoins, it would be great to see them achieve similar levels of adoption and community base because a diverse crypto ecosystem offers so much more value beyond market price.” This author is invested in BTC and ETH, which are mentioned in this article. The post Bitcoin Interest Shoots To Eight Month High appeared first on Crypto Briefing.

2 months ago

After Tron, Binance Info Adds Zcoin, Nano and Verge to its Gold Label Projects

In the world of cryptocurrency, getting the right information at the right time regarding any project is very difficult as there are very limited right sources of information. Also keeping track of all the sources and separating the FUD from actual news is difficult. Understanding this huge gap, Binance Info, the information arm of the leading exchange has launched the Gold Label Project and according to recently has added Zcoin and Verge to its list of timely updates. Coins appreciate their addition to Binance’s Gold Label Project After Tron, Qtum and Ontology and many other coins in the first two days, Binance info announced a series of coins that were added to Binance Info’s Gold Label Project on day there. Binance used its Twitter handle to make this announcement where Zcoin, Nano and Verge stood out to be the most famous projects among others. The other projects that were added on day three to the Gold Project were Digix Global, Aeron, OST, Enjin Coin, Nexus and Genesis Vision. Binance Info Gold Label day 3 verified projects: @DigixGlobal @nano @aeron_aero @OSTdotcom @enjin @NxsEarth @genesis_vision @vergecurrency @zcoinofficial Apply to join the Gold Label Project: https://t.co/dx58GhB71I pic.twitter.com/ChAdoWbjdT — Binance Info (@Binance_Info) November 29, 2018 Binance Info had added Tron, Ontology, Aelf, Bluzelle, NULS, Gifto, Cybermiles, Skycoin, Qtum and QLC chain on day 1 while day 2 saw an addition of NEO, GXChain, H Cash,IOS Token, Nebulas,Quark Chain, Project Pai, Contentos, IoTeX, Wanchain and yoyow https://twitter.com/Binance_Info/status/1067737359389679616?ref_src=twsrc%5Etfw Officially joined the initiative and received verification from Binance Info: @BluzelleHQ @aelfblockchain @OntologyNetwork @Tronfoundation @nulsservice @gifto_io @cybermiles @Skycoinproject @QtumOfficial @QLCchain. Apply to join the Gold Label Project: https://t.co/dx58GhB71I pic.twitter.com/V6BDXr0yz9 — Binance Info (@Binance_Info) November 27, 2018 According to the Medium post of Binance Info, the blockchain industry is seeing some polarization between good and bad projects, as well as issues in transparency. As many projects do not report updates regularly or do not disclose certain information, its difficult for the investor and other participants of the community to take a call on them. Because of these, some bad project industry tends to lose credibility As the Gold Project helps in separating the good from the bad and raise awareness about malicious projects, the coins and tokens added here have given their thumbs up and have appreciated the initiative. #TRON has officially become one of the first round projects that got @Binance_Info Gold Label #TRX https://t.co/dAOyNNaKta — TRON Foundation (@Tronfoundation) November 26, 2018 We are proud to be one of the first Gold Label verified projects on @Binance_Info to provide accurate and verified information about our project. #zcoin $xzc https://t.co/oDkJAruPva — Zcoin (@zcoinofficial) November 29, 2018 Qtum has officially joined @Binance_Info as a Gold Label Project. Thank you @cz_binance and your team for helping to bring transparency to the industry!https://t.co/p7fjPj2i1M pic.twitter.com/X5mn8NdQtV — QtumOfficial (@QtumOfficial) November 28, 2018 The Gold Label Project has a rigorous verification process and maintenance strategy, one can expect the community to be better informed with respect to which project is actually good and reduce chances of being duped by malicious projects and people who are in the industry for all the wrong reasons Will Binance Info become a flagship platform for all crypto project related information? Do let us know your views on the same The post After Tron, Binance Info Adds Zcoin, Nano and Verge to its Gold Label Projects appeared first on Coingape.

2 months ago

See the latest Zcoin Development Update, including details o...

See the latest Zcoin Development Update, including details on: 1. MTP 2. MTP Miner 3. MTP Insight Explorer 4. Elect… https://t.co/Njl8jTXvQN

2 months ago

South Korea to Develop Blockchain Voting System, ICON Winning More Awards

One thing common to many countries in Southeast Asia is a corrupt voting system and often flawed democracies as a result. South Korea, being one of the leaders in the technology, is looking towards a blockchain based online voting platform that will alleviate such concerns. Korea’s Ministry of Science and ICT, and the National Election Commission (NEC), stated that they will develop the system before the end of the year. According to reports the NEC trialed a previous platform back in 2013 but few trusted it due to fraud and hacking concerns. The new system will increase transparency and security by including a user authentication mechanism as part of the voting platform. The government stated that all voters will be able to monitor their vote and general progress once submitted via smartphone or PC. The Seoul National University’s Blockchain Society and Korea Internet & Security Agency will also use the blockchain based system for surveys as a pilot before it can be implemented for voting. Similarly, Thailand has recently used a blockchain voting platform for recent candidate party elections. According to a Nasdaq report the Kingdom’s Democrat party used the Zcoin blockchain to register and store votes earlier this month. The party elected a leader from 120,000 voters that used the system to register their transparent votes using a Raspberry Pi or mobile app with photo ID. Thailand has been in the grips of a military dictatorship for over four years primarily due to electoral corruption and rampant vote buying. ICON Winning More Awards Back in South Korea, the country’s leading blockchain and crypto company, ICON has been gaining more favor with the government. According to a medium post ICONLOOP received the ‘Minister of Science and ICT Award’ as Blockchaitionn Industry Leader in Korea. It is the first blockchain company to win this award which was granted at the ‘2018 Blockchain Grand Week’ held at the Korea Science and Technology Center in Seoul. The ICON Team is pleased to announce that ICONLOOP received the Korean ‘Minister of Science and ICT (#MSIT) Award’ in recognition of its contributions to the development and popularization of the blockchain industry in Korea. https://t.co/BNDcxmroxb — ICON (@helloiconworld) November 28, 2018 The ICON (ICX) cryptocurrency is part of the ICONLOOP umbrella and the organization has very close ties with the South Korean government. Last month ICON showcased three blockchain projects it was working on with local authorities. One of which was a blockchain based voting system used in combination with a blockchain citizen ID card. It is likely that any further developments on a voting system in South Korea will be made in conjunction with ICONLOOP though the report has yet to confirm it. Image from Shutterstock The post South Korea to Develop Blockchain Voting System, ICON Winning More Awards appeared first on NewsBTC.

2 months ago

We are Bringing Back Our News Update Posts for Our Premium Readers

Top News in Asia from Monday through Wednesday Nov 19-22nd Exchange Huobi creates new committee to work with China’s communist party. The company finds that “it was necessary to implement” Communist Party principles and policies into private companies and maintain its foothold in China: http://bit.ly/2A5xiG9 OKEx has pushed back against allegations made by Hong-Kong based trading firm Amber AI over its early settlement of bitcoin cash futures contracts last week, right before the BCH hard fork. http://bit.ly/2S76mgD Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. http://bit.ly/2KoxTHA Deals and Funds Hong Kong-based blockchain startup AERGO has raised $30 million in venture funding from investors including Sequoia Capital China, GBIC and Neo Global Capital. http://bit.ly/2Klsj8O China-based blockchain venture capital firm Fenbushi Digital has invested in San Francisco-based blockchain startup Dispatch, which will help the company engage and capitalise on key strategic opportunities throughout Asia. http://bit.ly/2Ks3FDK Cobo, a crypto wallet startup headquartered in Beijing, has raised a $13 million Series A to enter new international markets, led by Danhua Capital and Shuanghu Capital: http://bit.ly/2S6nP90 Coin and Token News NEO founder Da Hongfei’s Interview with WSJ’s Neanda Salvaterra at Web Summit Lisbon. http://bit.ly/2Kq6Yek RippleNet is expanding its network of banks by adding Malaysia’s CIMB Group to its fold: http://bit.ly/2DzdvlF Exchange News Binance Labs invests $3mn in US over-the-counter Crypto trading desk Koi Trading. http://bit.ly/2zmHM4j Co-founder and CEO and of the world’s sixth largest bitcoin mining pool F2Pool, believes Bitcoin “halving” 2020 will have very little impact on the Bitcoin ecosystem: http://bit.ly/2DwFLWa Regulation News Monetary Authority of Singapore, the country’s central bank, has broadened its regulatory regime for payment providers to bring certain cryptocurrencies under its jurisdiction. http://bit.ly/2KpQItZ Thailand’s Democrat Party, the country’s main opposition party, has become the first major political party in the world to carry out primary elections entirely on a blockchain, using a live e-voting system powered by the Zcoin blockchain: http://bit.ly/2qZuOER Singapore Exchange has clarified the rules for publicly listed companies planning to conduct initial coin offerings: http://bit.ly/2BnxBxR Quartz updates that the government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works: http://bit.ly/2KkE6UZ Bank of Thailand governor: No central bank digital currency within 3-5 years: http://bit.ly/2OQgrfK Business News According to BitMEX Research, Bitcoin cash hash war costing as much as $6.1 million in gross revenue in lost revenue: http://bit.ly/2zhNOTW China’s IT ministry calls for ‘Acceleration’ of blockchain standardization, arguing that the development of a reference blockchain architecture standard is of crucial importance for guiding the selection and application of blockchain systems across diverse domestic industries: http://bit.ly/2QU3dQR Korea’s largest power provider KEPCO corp with a $15.9 billion market cap says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid: http://bit.ly/2KifHPR The Malaysian Ministry of Education is turning to blockchain technology and using NEM blockchain to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country: http://bit.ly/2qUimGs

2 months ago

Zcoin 0.13.7.2 Released This release greatly improves Znode...

Zcoin 0.13.7.2 Released This release greatly improves Znode synchronization, includes an Exodus code cleanup which… https://t.co/b6EPqkGSnp

2 months ago

Thai Party Holds World's First Primary Election Entirely On Blockchain

Thailand's main opposition party, the Thai Democratic Party, has become the first major political party in the world to conduct an entire primary election on the blockchain. 120,000 people voted on an e-voting system powered by Zcoin. Former Thai Prime Minister Abhisit Vejjajiva defeated his closest challenger Warong Dechgitvigrom, receiving 67,505 votes. Vejjajiva sees blockchain as an important tool to ensure democracy and hopes to have it on the wider electoral framework of Thailand. The entire voting process was transparent and can be observed on the Zcoin blockchain explorer. Zcoin (XZC) is priced at $8.25. gaining 0.66% in the last 24 hours. (VS)

2 months ago

Thanks to everyone who dropped by our Zcoin $XZC Bali meetup...

Thanks to everyone who dropped by our Zcoin $XZC Bali meetup from existing Znode holders to those brand new in cryp… https://t.co/5wFbrhxAWK

2 months ago

An indepth look on both the benefits and challenges of block...

An indepth look on both the benefits and challenges of blockchain voting with a mention on Zcoin $XZC's recent invo… https://t.co/4Fqz5Fe32I

2 months ago

We are happy to welcome Levon Petrosyan to the Zcoin $XZC de...

We are happy to welcome Levon Petrosyan to the Zcoin $XZC development team! Levon has a strong background in C++ an… https://t.co/zXGQznxGiq

2 months ago

Crypto News Weekly 16.11.18: Bitcoin Cash Bitter Fork whilst Market Slumps, Attempted Murder at Crypto Exchange

Bitcoin Cash battle becomes personal while the market slumps, STO platform aims for $440 million, Swede convicted for attempted murder after password change snub and Thai political party holds elections on Zcoin blockchain.

2 months ago

Find out what the Zcoin Ambassadors have been up to in our l...

Find out what the Zcoin Ambassadors have been up to in our latest Ambassador Update! https://t.co/hA62HScHVg… https://t.co/LFolAXgMP8

2 months ago

Zcoin To Host Live E-voting On Blockchain For The First Time

Thai Democratic Party would be the first player in the voting system to employ blockchain technology for a live e-voting. According to resources, Zcoin Blockchain will put in place to run e-voting system on November 1 to 9. Voting Via Cryptography Members during elections can vote in two methods - Raspberry Pi-based voting system which is a nationwide voting system and later using blockchain application. Consequently, the decentralized app is dubbed D-Elect enable voters to submit their Photo ID as a proof. Besides, members need to submit identification documents and voting tallies. Then the process follows like; This voting information or datasets will be processed and stored over a decentralized file system This distributed mechanism will create IPFS (InterPlanetary File System) hashes that store a huge volume of data Later, these IPFS hashes were stored on Zcoin blockchain technology. Zcoin’s blockchain provides seamless audit access to the Thai Election Commission and Democrat Party Candidates. Poramin Insom, Zcoin developer said in a statement I am very proud that Zcoin played a role in making Thailand’s first large-scale e-vote, a reality, which saw greater voter participation and transparency. Moreover, to assure the security during voting system, Shamir’s Secret sharing Scheme was put in place that demands multiple keys in order to access any stem. The scheme would require multiple custodians to decrypt voting datasets which marked a great success to blockchain applications for election system. Not just Thailand, West Virginia was also looked up as a country to employ blockchain app for midterm federal election for trial purpose. Cryptocurrency and ICOs where regulators of major countries pop up the red light, blockchain technology, on the other hand, heads up by signaling green. Poramin Insom, Zcoin founder and lead developer intends to employ blockchain technology across large-scale e-voting as well. What’s your view on Blockchain adoption for voting system? Let us know in comment below The post Zcoin To Host Live E-voting On Blockchain For The First Time appeared first on Coingape.

2 months ago

If you're in Bali join @reubenyap and @sandraszehwui for a c...

If you're in Bali join @reubenyap and @sandraszehwui for a casual meetup to learn more about Zcoin $XZC, privacy te… https://t.co/dQ7f6z2Qve

2 months ago

Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1-9, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit Vejjajiva winning his party nomination with 67,505 votes.Party members were able to vote using two methods. The first method was through voting stations that utilized a Raspberry Pi-based system. Voters were also able to vote via a blockchain-based mobile app that asked voters to submit their photo ID.The identification documents used to verify party members and the voting tallies were both encrypted and stored on the InterPlanetary File System (IPFS), a decentralized and distributed file system for storing large volumes of data. IPFS uses a peer-to-peer protocol where nodes store a collection of hashed files on a network. For this election, the IPFS hashes were stored on the Zcoin blockchain, which acted as an "immutable database and provided auditability to the Thai Election Commission and the Democrat Party candidates."“I am very proud that Zcoin played a role in making Thailand’s first large-scale e-vote, a reality, which saw greater voter participation and transparency,” Poramin Insom, founder & lead developer of Zcoin, noted in a public statement.To keep the voting data and documents safe, the encryption keys were split using the Shamir's Secret Sharing Scheme, which works similarly to a multi-sig key used for crypto wallets. With a multi-sig key, multiple private keys are required to access the funds. With the Shamir Scheme, multiple custodians are required to decrypt the voting data. At the recently concluded primary election, five individuals were needed to decrypt the voting data; representatives of each candidate, an official from the Thai Election Commission and a representative from the Democrat Party.“I believe we’ve achieved a huge milestone in our country’s political history and hope that other political parties or even the government, not just in Thailand but the region, can look to using blockchain technology in enabling large-scale e-voting or polling,” Insom stated. Earlier this month, West Virginia ran a blockchain trial in the federal general election for military and other Americans living abroad. The state used the mobile app developed by blockchain startup Voatz to verify voters’ identities using facial recognition technology by comparing it to other photo ID that might have been uploaded on it during voter's registration. Swiss city Zug ran a similar trial using a different app from uPort, which issued digital identities to residents who cast their votes using their smartphones.Blockchain voting has its skeptics; however, a report from the Brookings Institution think tank, sees blockchain voting as a "beneficial tool for the election commission to maintain transparency in the electoral process, minimize the cost of conducting elections, streamline the process of counting votes and ensure that all votes are counted." This article originally appeared on Bitcoin Magazine.

2 months ago

Our Ambassador Michael "Muggles" is having a Zcoin Meetup at...

Our Ambassador Michael "Muggles" is having a Zcoin Meetup at Tiger's Milk Bryanston on the 13th. Stop by if you're… https://t.co/2SNVqj57cU

2 months ago

An interview with @InsomPoramin, Zcoin's $XZC founder on the...

An interview with @InsomPoramin, Zcoin's $XZC founder on the use of Zcoin as a tool against government censorship. https://t.co/bSmbaUI6Q7

2 months ago

Blockchain Technology Is Helping Activists in Thailand Fight Against Government Censorship

Cryptocurrency technology is helping anti-government activists in Thailand fight against censorship as the government responds to a controversial music video titled “Rap Against Dictatorship” that is gaining popularity in a country that has historically been repressive of any dissent. In response to warnings released by government officials, an anonymous individual has placed the video on the Zcoin blockchain using an IPFS link embedded in a transaction on the blockchain, creating a permanent and indelible copy in the IPFS link on the Zcoin blockchain at block number 111089. (JF)

2 months ago

Our Ambassador Noble is having a Zcoin Meetup at Cihcotel Cl...

Our Ambassador Noble is having a Zcoin Meetup at Cihcotel Classique Hotel in Awka, Nigeria tomorrow. Come down if y… https://t.co/nTx5XiqI1M

2 months ago

Check out Zcoin development updates, team changes, integrati...

Check out Zcoin development updates, team changes, integrations, events, and an interesting real-world use case. W… https://t.co/JyxZQkfn4v

2 months ago

Join the Zcoin community on Telegram for news, chat, and sup...

Join the Zcoin community on Telegram for news, chat, and support! https://t.co/oEUV4HFfeb https://t.co/uA8yjgPOiT… https://t.co/si2cHEHkug

2 months ago

Thai Rappers Release a Song About Government Censorship on Privacy-Focused Zcoin Blockchain

Thai rap fans are using the blockchain whether they know it or not. A new song by Thai rappers has been released on the privacy-focused Zcoin blockchain. The song addresses censorship by the Thai government and it has taken off, with more than 25 million views on YouTube. The rappers reportedly chose Zcash for its privacy features so that the song couldn’t fall victim to censorship. A link to the video was placed on block number 111089. The identity of the individual who uploaded the song remains anonymous. (GT)

2 months ago

Thousands of Zcoin $XZC transactions with embedded data roll...

Thousands of Zcoin $XZC transactions with embedded data rolling along live. #realworlduse Join our Telegram group… https://t.co/nY5aB7J7ZJ

2 months ago

Thanks for the shoutout and the video featuring Zcoin too! @...

Thanks for the shoutout and the video featuring Zcoin too! @masternodes $XZC https://t.co/m611yIxIcz

3 months ago

It is worth noting that Zcoin is unrelated to other cryptocu...

It is worth noting that Zcoin is unrelated to other cryptocurrencies utilizing the Zerocash Protocol. Although Zero… https://t.co/82bOj5ggYT

3 months ago

A preview of our upcoming Zcoin $XZC wallet that we are alre...

A preview of our upcoming Zcoin $XZC wallet that we are already internally testing. Also shows part of the new Zero… https://t.co/Ob5QtKfklf

3 months ago


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