RE: ZCoin: Privacy on the Blockchain and the Linkability of Personal Information: Elements of a private cryptocurrency

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ZCoin: Privacy on the Blockchain and the Linkability of Personal Information: Elements of a private cryptocurrency

in zcoin •  7 years ago 

I don't think Zcoin and Steem are competitors. Different things altogether.

However Zcoin's efforts in using a revolutionary new mining algorithm called MTP (Merkle Tree Proof). You can find out more about why this Proof of Work algorithm is unlike others:

https://steemit.com/zcoin/@zcoinofficial/zcoin-an-update-on-mtp-merkle-tree-proof

By keeping miners using commodity hardware (as opposed to specialized hardware like ASICS) it would be hard to gain significant advantages from miner centralization .

zcoin
7 years ago by

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      ·  7 years ago 

    I'm not sure If I unerstood correctly.

    "By keeping miners using commodity hardware (as opposed to specialized hardware like ASICS) it would be hard to gain significant advantages from miner centralization ."

    Steem miners/witnesses require votes by the community to mine, therefore providing some kind of decentralized trust based system.

    Do Zcoin miners have any comparable trust requirements other than providing valid data to the blockchain?

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

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