What is zcoin (zel coin)?
Zcoin, according to official information from Zcoin, is a new type of virtual as
Zcoin, according to official information from Zcoin, is a new type of virtual asset in blockchain technology. It features decentralization, high security, and anonymity. It is protected by encryption algorithms to prevent hackers’ attacks and can prevent malicious actors from accessing information rights. It can also be used for activities such as digital currency exchange, transactions, and payments.
Currently, there are already many coins in the market that fall within the category of zero-knowledge proofs. However, since the early days of Bitcoin, some issues have arisen, such as network congestion preventing transaction confirmation. This makes it difficult for users to determine the actual value of these tokens and even unnecessary to register or mine them. With the development of the market, more and more exchanges are introducing related products to deal with these risks and challenges.
What is zel coin?
Zel coin, according to the official introduction, is a token developed by the blockchain technology company ZeroKnowledge. The project aims to establish a decentralized application ecosystem that allows everyone to participate in innovation and application on the blockchain. Specifically, it is supported by the zero-knowledge proof protocol Zilliqa and operates on the Ethereum network, aiming to create tools for the decentralized open-source community. The platform is currently accepting applications but has not yet received approval or permission from the U.S. Patent and Trademark Office (USPTO).
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