Surprise In The Darknet: ZOIN.
Zoin is a cryptocurrency that utilizes the Zerocoin Protocol as a mean to achieve complete anonymous and untraceable transactions.
The Zerocoin Protocol works by multiplying two large prime numbers you get a resulting number. If you gave this new number to a computer and asked it what prime numbers you multiplied, the computer would struggle. It’s impossible to determine the prime numbers when these are much larger.
These prime factors are called the RSA numbers, which have not been cracked in more than 25 years since the RSA Factoring Challenge and at projected computing capacity it will be safe to use for decades. ZOIN utilizes the RSA numbers to generate keys for minting Zerocoins and to later claim them back. These Zerocoins can be converted into new Zoins, with no history and placed in an unknown location, making it one of the best privacy protocols out there.
The Zoin team has been also very active making their network completely anonymous and untraceable. Their latest additions were a TOR enabled button in the core wallets, OBFS4 support and the creation of a TOR web wallet, first of its kind, that also handles the Zerocoin Protocol.
All these updates have been creating background movements and some merchants from darknet have been already accepting Zoin, making it one of the privacy coin with real use and adoption in crypto space. The market accepting Zoin is a famous one in France, in which you can buy almost — anything. It runs under the TOR network (.onion) so if you want to check it out, you will need to use a TOR explorer.
This dark market allows merchants to create stores and select the currencies they wish to accept, in their list they are currently only accepting a few means of payments just: Bitcoin, Monero, Litecoin, Dash, Bitcoin cash, prepaid cards and now Zoin.
It’s clear that by being accepted in a darknet market Zoin is recognized as a strong player into the privacy coins’ group, which is right now leaded by Monero ($XMR). As Zoin’s tech being strong and continuously developed, we can expect in the near future a bigger adoption rate of Zoin in many more markets. The release of mobile wallets, for Android and iOS, will increase Zoin’s accessibility for in-store merchants among many other real use options.
Zoin’s team objective is clear: to make Zoin a daily use currency…and they are achieving it.
