Bittrex disable Zcoin trade since yesterday after announcement from Zcoin team about Zerocoin implementation bug.
Some tips about Zcoin
every thing was fine with Zcoin, it attracted investor and trader every day as a good alternative to Zcash, the last cause unbearable losses and pain for them. every one was waiting for zcoin to dump once it listed in Poloniex simply because it look underestimated compare to Zcash, beside it is a young coin started in Oct 2016, now the avialable supply is only 1 million .
Zcoin, build on Zerocoin protocol targeting better privacy with untraceable transaction by burning Zcoin and get a hash that enable you to recover brand new coin without a history. it look good, actually i thin is the best zeroprotocol coin, the Founder and Core Developer Poramin Insom worked in Vertcoin before he establishing Zcoin in almost a year.
What happened
According to Zcoin dev team they found a bug in the implementation of Zerocoin, What ??
A typographical error on a single additional character in code, that allowed attacker to create Zerocoin spend transactions without a corresponding mint. W*F ?
Simply it is like a typo in original script witch make you read it differently
source
Anyway they fixed it but hacker got about 370,000 Zcoins sold already in price of 1-2$ per coin
you can read more here
Zcoin holder in hysterical panic
They should be, i mean someone can create new Zcoins and sold them without tracing that is a lone can make this coin go to dark side of history if not fixed.
Even if they fix the current bug, people will have their doubt about this coin for long time, it gave an impression about there dev coding ability.
Bettrix disable trade at 0.0015 BTC, till now no one get his coin out of Bettrix but believe me they will be lucky if they could sell their coin with half of this price.
What i am going to do
First off all thank God i sold my Zcoin at 0.002 to buy low again, that Sh*t happen while my hands is clean.
Forw now am not sure, i think i will revaluate Zcoin and watch the market closely, at the end the end is no problem with cryptography and according to dev was fixed and anonymity maintained.
Anyway it could be good chance to buy low or a dead coig sinking to the bottom, i will take a position soon, time will tell my friends.
