Firo, previously Zcoin, is a privacy-centric cryptocurrency employing zero-knowledge proofs, enabling users to incinerate cryptocurrencies and subsequently redeem them for new ones devoid of transaction history.
What is Firo Coin?
Firo constructed the Lelantus privacy protocol, fostering substantial anonymity sets without necessitating a trusted setup, relying exclusively on conventional cryptographic assumptions. Lelantus’ pioneering combination of one-out-of-many proofs with confidential amounts has been adopted in Monero’s Triptych protocol and Beam’s Lelantus-MW. Firo also employs Dandelion++ to obscure transaction source IPs without reliance on external services like Tor/i2P.
Firo developed and utilizes Merkle Tree Proofs (MTP) as its Proof-of-Work algorithm, designed to be memory-hard with swift verification, incentivizing mining via commodity hardware. The blockchain is further fortified with LLMQ ChainLocks. The Firo blockchain facilitated the Thai Democratic Party Elections in 2018 to select the party leader, amassing over 127,000 votes nationwide.
Firo primarily concentrates on private transactions. It has also devised a tokenization layer called Elysium, which permits users to leverage Firo’s privacy features in their own tokens. FIRO will serve as a transaction fee for this layer.
Furthermore, Lelantus empowers users to incinerate any quantity of tokens and redeem new tokens with no associated history at any future point. Masternodes facilitate instant block finalization with 51% attack protection and LLMQ-based ChainLocks. Firo also employs Dandelion++ technology to conceal transaction source IPs.
MTP (Merkle Tree Proof) is an asymmetric proof-of-work algorithm intended to maintain memory stability while remaining lightweight for verification, incentivizing commodity hardware mining.
Where to Buy FIRO Coin?
FIRO Coin can be securely traded on Binance, the world’s largest cryptocurrency exchange by volume. FIRO Coin is available on the Binance platform in the FIRO/BTC, FIRO/USDT, and FIRO/BUSD pairs.
To purchase FIRO, one must first join the Binance exchange. Following membership completion, transfer cryptocurrency or fiat currency to the Binance account wallet. Once the transfer is finalized, FIRO coins can be acquired in all three aforementioned pairs. To buy from the FIRO/USDT trading pair, first navigate to the pair interface. In the FIRO/USDT interface, input the desired purchase amount in the specified limit tab field. After designating the amount, execute the purchase with the Buy FIRO order.
