How Zerocoin Works in 5 Minutes

pivx (59)in #cryptocurrency • 6 years ago

Fellow PIVian Turtleflax wrote a great article titled "How Zerocoin Works in 5 Minutes".

As the title suggests it's a quick read and it will explain Zerocoin in a simple manner without leaving out too much of the technicalities.

1*9pLpsHvIktg1PJAx0DPt6Q.jpeg

The article breaks the process down for you in three simple steps:

Step 1 - The mint
Step 2 - Time passes
Step 3 - The spend

And the article explains some exclusive PIVX Zerocoin features like:

zPoS
dzPIV
ezPIV
Automint
The Smallest Spend Sizes
The First to Allow Fractional Spends
The First to Spend to 3rd Parties

If you want know how Zerocoin works and you have 5 minutes click here to read the article.

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To ALL PIVX community members, feel free to RESTEEM this article! Let’s keep spreading the word of our amazing community focused privacy centric global cryptocurrency.

Keep it purple people!

#blockchain #pivx #technology #blog

6 years ago in #cryptocurrency by pivx (59)

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faraicelebr8 (63) 6 years ago

My fav quote from the article:

PIVX is not most Zerocoin implementations. PIVX is the only coin to offer one-time seed backups with a feature called dzPIV (deterministic zPIV).

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elektr1ker (49) 6 years ago

Good and short explanation, but I still have a question: Will the zPIVX I send to someone else show up everytime as PIVX in there history or can I change that?

I know that it is impossible to trace that transaction back to me, but if someone can see that an account gets money out of nowhere it is pretty self explanatory that this account has incomming private transactions and with the amount you are sending an identification should be possible (over invoices for example).

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1 vote

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