A product of the Zerocoin cryptographic protocol, ZCoin is a cryptocurrency that uses a proof-of-work system. Zerocoin's purpose was to establish true anonymity in any Bitcoin transaction through a process whereby a given coin is destroyed, and then re-minted in order to erase the coin's past history.
Zerocoin was founded by Johns Hopkins University professor, Matthew D. Green in 2013. The cryptocurrency became fully functional in 2016.
Source: CoinReport - 1 year ago
Zcoin, the first digital currency to apply the Zerocoin Protocol and utilize Zero-Knowledge proofs for monetary anonymity and privacy, announced in a press release CoinReport received, the public release of the first functional application of Merkle Tree
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