Firo, formerly known as Zcoin, is a cryptocurrency aimed at ensuring privacy and anonymity. On November 30, 2020, XZC changed its name to "Firo'' as a strategic move. The new name reflects the unique way of burning and redeeming coins.
Zcoin was one of the first blockchains to focus on anonymity of transactions. It uses the “Zero-Knowledge proof” algorithm for that. In 2018, the Dandelion protocol enabled Zcoin to hide the IP address of the sender. Then, with the implementation of the Lenatus protocol, users were able not to disclose the origin of their funds and the transaction amount.
XZC coin goes through a halving every 4 years. Like Bitcoin, the number of coins will not exceed 21 million.FIRO Payment Benefits:
FIRO is a privacy coin, this is its main focus.
The origin and the amount of your funds are not public.
- Burn and redeem solution
Burn your coins and then redeem them for coins that have no previous transaction history