What is the privacy itself? When you make bank transaction to your best friend, bank knows that one of you spent money and other person got this money. It means that every bank transaction could be traced and banks knows almost everything about your expenses. For instance, if you are buying something private on certain website, banks know what exact amount of money was transferred and it is pretty easy to find out, what exactly you bought.
At the beginning of the blockchain industry, we were told that BTC allows you to perform anonymous transactions and, in the same time, these transactions are completely transparent, which should help to counter corruption and money laundering. How does it possible? It is obvious that anonymity and full transparence are eliminating each other.
Most of BTC holders and users do not know about usage of public ledger. All the information is stored on public ledger – this is how Bitcoin network solved widespread issue of double spending. Nevertheless, when information is available for public, it could not be counted as secured and there is no place for real anonymity.
Of course, it should be hard to trace certain transaction made via BTC, when you do not know the real owners of wallets, which take part in such transactions, but when you know – it is very easy. As you might already guess, some researches had been looking for the ways to trace such transactions and they proved that BTC network topology could be analyzed with the help of tools, which allow to analyze social network topology. It is meant that we need completely new way for really private transactions and Zcoin Classic seems to be the best option.
Zerocoin Protocol
Zercoin Classic runs on the Bitcoin core, so apparently, it should be facing the same issues as Bitcoin, but thanks to Zerocoin Protocol all the privacy issues were solved. Minting of coin, which was previously stored on the private ledger, into private coin allows you to remain anonymous during performance of transactions. Moreover, owner of minted could should not be revealed, so you can be sure that nobody is able to track you.
You may think that the entire process of obtaining ZCC is difficult, but it is not right. When BTC was not created as currency for everyday use, ZCC was so. It means that every person, who wants to use Zero Coin Classic does not need to understand the way it works and this person does not need to have any knowledge about the technology of Zerocoin Protocol. If you need such knowledge, you may visit ZCC official website to get all the information you need to ensure that ZCC is the most secure technology for private transactions available on market.
Miners could benefit of mining Zercoin Classic too. They do not need to look for mining software and improve it for maximizing efficiency, all the ready made solutions for the mining of ZCC is available on official website. Entering the cryptocurrency world had never been so easy!
ZcoinClassic links
https://zcoin-classic.co/
https://medium.com/@zccofficial
https://github.com/zcoin-classic
https://t.me/zcoinclassic
https://bitcointalk.org/index.php?topic=5045339.0
My data as the author of this article:
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https://bitcointalk.org/index.php?action=profile;u=380870
ZcoinClassic wallet: cNG7nERcFTYp5QohvPquKdheE3UvajhRVj