What is Firo (FIRO)? Firo (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital money. It created the Lelantus privacy protocol that allows users to burn their own coins and redeem them later for new ones that have no transaction history. Prior to Lelantus, it was also the first cryptocurrency to codify and release a practical implementation of the Zerocoin protocol which became one of the most popular privacy protocols in use, before being replaced by Sigma and then Lelantus after flaws were discovered. in the Zerocoin protocol. in 2019. Who are the founders of Firo? The founder of Firo (later Zcoin) is Poramin Insom. He has a master's degree in Information Security from Johns Hopkins University, where he wrote a paper on a proposed practical implementation of the Zerocoin protocol. In addition to Firo, he is also a co-founder of the Satang Corporation and served as a second lieutenant in the Royal Thai Armed Forces in their cyber warfare division. Reuben Yap joined the project shortly after its launch in 2016 and now leads the project on its overall strategy, development, and research goals. Reuben has been an advocate for financial and online privacy, having founded one of the first VPN services in Southeast Asia to combat censorship and is a respected speaker on the subject, with featured commentary on CoinDesk, BBC, Forbes, Nasdaq, Reuters and Cheddar News, among others. others. He took on the role of Project Steward & Co-founder in November 2019. What makes Firo unique? Firo's Lelantus privacy protocol and its predecessor, Sigma, rely, as part of their construct, on a specialized zero-knowledge proof called a single proof, which, unlike other zk constructs, requires no configuration or reliable assumptions. maintaining a high level of anonymity. It was also the first project to implement Dandelion++ in October 2018, a transaction propagation method that prevents third parties from binding an IP address to a transaction. In November 2018, the Firo (then Zcoin) blockchain was used in the Thai Democratic Party primary election to elect their party leader. With over 127,000 votes cast across the country, it is the world's first large-scale political election to be held on a blockchain. Firo was rebranded by Zcoin in October 2020. How many Firo (FIRO) coins are in circulation? Firo (FIRO) has a supply circulation of 12,211,042 coins and a maximum supply of 21,400,000 FIRO as of August 2021. It follows a similar distribution schedule as Bitcoin. How is Firo's network protected? Firo uses a hybrid PoW-Chainlock consensus model whereby quorums are made up of several hundred deterministically selected masternodes (LLMQs) that perform a verifiable measurement/vote on the "first seen" rule network and lock the block which appears first. Blocks are final with a single commit as no reorgs are allowed beyond this point. This also mitigates 51% of mining attacks, as more than half of the masternode network would have to be compromised to disable Chainlocks before a 51% attack can be mounted. Firo's mining algorithm is MTP, which relies on memory hardness to make it resistant to ASICs. It is moving to FiroPOW, a ProgPOW variant designed explicitly for GPU mining and is even more resistant to ASICs and FPGAs to encourage fair distribution of its currency. Where can you buy Firo (FIRO)? traded on the following exchanges: BinanceHuobi GlobalGate.ioDigiFinexHitBTCBitcoin .com Exchange If you are interested in learning how to buy Bitcoin (BTC), read our official guide here.