Page Summary
The Zerocoin protocol is a privacy protocol that improves the anonymity of Bitcoin transactions by having built-in coin-mixing capabilities. Professor Matthew D. Green and his graduate students from Johns Hopkins University proposed the protocol in 2013. Zerocoin isn’t compatible with Bitcoin yet. Coin mixing obscures cryptocurrency transactions by splitting them into multiple transactions using multiple types of cryptocurrencies.
The Bitcoin community didn’t agree with this feature being added to Bitcoin. For this reason, Zerocoin launched its own cryptocurrency Zcoin (XZC). Zcoin uses the Dandelion protocol that hides the IP address of a sender without the use of a VPN.
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…