Zcoin XZC to Primecoin XPM Exchange

Crypto Pair Details: XZC to XPM

Zcoin XZC

Zcoin (XZC) is a cryptocurrency focused on privacy and decentralization. It is the first coin to implement the Zerocoin protocol that enables financial privacy through the power of zero knowledge proofs with a focus on making privacy easy to use. It is also set to be the first to release MTP an ASIC resistant, anti-botnet proof of work algorithm that remains lightweight to verify to ensure fair distribution of coins and decentralized security. Zcoin is an open source decentralized cryptocurrency that focuses on achieving privacy and anonymity for its users while transacting. To achieve this privacy and anonymity, Zcoin uses zero-knowledge proofs via Zerocoin protocol which is one of the most cited cryptography papers at this point in time. In other words, when you transact using Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default which makes you vulnerable. That, because all it takes is one link to your personal information or IP to find out the origin of the coins.However, if you transact using Zcoin’s Zerocoin feature, none of your transaction histories is linked to the actual coins and only the receiver and sender know that you have actually exchanged funds. Zerocoin is a cryptocurrency proposed by Johns Hopkins University professor Matthew D. Green and graduate students Ian Miers and Christina Garman as an extension to the Bitcoin protocol that would add true cryptographic anonymity to Bitcoin transactions. Zerocoin was first implemented into a fully functional cryptocurrency released to the public by Poramin Insom, as Zcoin who is also the lead developer, in September 2016. At the initial stage, Zcoin uses the Lyra2z algorithm for proof of work, then they will transition to a Merkle Tree proof of work algorithm, known as MTP. MTP is a unique memory hard algorithm that aims to solve several problems. Memory hard algorithms help prevent the development of ASICs which lead to centralized mining farms. Memory hard algorithms also prevent the use of botnets infecting computers for mining purposes. If a botnet was using up multiple gigs of memory, you’d be likely to notice something is wrong. “The basic concept is that it should establish the same price/cost for a single computation unit on all platforms meaning that there is no single device that should gain a significant advantage over another for the same price hence promoting egalitarian computing.

Primecoin XPM

Primecoin is a rather interesting digital currency. It was developed by Sunny King, one of the same developers that created PPCoin and invented Proof-of-stake. Primecoin does not follow the same rules as the other currencies, and has a built in mathematical benefit. Due to the way it is mined, Primecoin actually discovers previously unknown prime numbers. Primecoin is a rather interesting digital currency. It was developed by Sunny King, one of the same developers that created PPCoin and invented Proof-of-stake. Primecoin does not follow the same rules as the other currencies, and has a built in mathematical benefit. Due to the way it is mined, Primecoin actually discovers previously unknown prime numbers. The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network. All in all, Primecoin presents itself as an extremely interesting experiment; for the first time, we have a currency whose mining algorithm has a secondary value, and at the same time Primecoin, unlike so many other coins before it, actually makes serious attempts to improve on Bitcoin in unrelated aspects. Not taking into account Bitcoin’s massive headstart, Primecoin may well be the first alternative coin to actually be better than Bitcoin, giving the currency the potential for a bright future ahead.

SOURCE: COINGECKO

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