Sarawak, Malaysia - Digital currencies are driven by privacy, and Zcoin proudly announced the first implementation of the Merkle Tree Proof (MTP). The algorithms provide a high level of security, performance, computing and equity. Digital currencies will be the first to use zero-knowledge proof of privacy and financial confidentiality.
Successful developers of the EquiHas project, Alex Beriukov and Dmitry Kovratovich, have developed the MTP (PoW) together in an academic paper. Once implemented correctly, the MTP will provide a solution to the disparity between ordinary and regular energy users who are currently gaining advantage by using GPU, FPGA and ASICs to strengthen weak attack.
The main developer of Zcoin, Mr. Poramin Insom, considers centralization to be one of the biggest challenges facing PoW. Therefore,
"In a network dominated by the ASICs, security leaves in the hands of a few people who have the money and technology to control the retail rate. It has been said that the network with the ASICs, is safer because of increased retail rate. In my opinion, it is not the absolute retail rate that matters, but what matters is the cost and barriers to entry that need to be overcome to bypass the network. "
Poramin has increased in speech, saying,
"One of the main reasons the Equihash scientists sought to create MTP is to improve the defects of the long initialization stage. Ultimately, the MTP plan shortens the stage and maintains the "free progress" algorithm independent of any previous events, leading to further decentralized mining. We hope that MTP will become a serious option to prove digital currency work and that Zcoin will help further refinements in this area of research.
The Zcoin development team has encrypted the MTP and is currently running on its own test network. The company's goal is to promote computing, equality and ensure an equal price-to-cost ratio for a single computing unit, and on all platforms. This will prevent any device from getting a great advantage on any other device. It also ensures that users and attackers are equal in price performance conditions, preventing any large-scale attacks.
In addition, MTP fragmentation has become highly memory intensive with the implementation of the Zcoin reference using 2 GB of RAM, and botnet machines are likely to witness significant degradation in performance and alert the user in the event of an attack.
MTP has the ability to reduce verification times and in this it outperforms Bitquin, once the solution is found without the need for large memory. This helps the network to become more flexible against DoS attacks that target auditors. It also allows lightweight devices such as smart phones to perform verification, and this feature was not possible in the past but not now with the current memory algorithms.
Zcoin said it would launch a workers' rewards challenge, open to all members of the community for the continuous development of MTP workers. The winner will receive a total prize of $ 20,000, which will be distributed to the best CPU and GPU workers.
About Zcoin:
Zcoin is the first privacy-focused cryptographic coin that has implemented the Zerocoin protocol, and is one of the most pioneering academic developments in the Pitcuin Research. Zcoin solves the privacy problem found in all previous digital currencies. And allows users to obtain financial privacy on Plucheen via Zero-Knowledge with cryptographic evidence. The Zcoin community was well received. Roger Roger Roer, a well-known figure in the digital currency industry, openly stated that he had invested in the Zcoin.
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Contacts:
Name of contact: Robin Yap Cushing
Contact Email: media@zcoin.io
Location: Sarawak, Malaysia
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