Firo, previously known as Zcoin, is a cryptocurrency that prioritizes user privacy and anonymity. It was rebranded to Firo to better represent its mission to provide financial privacy to its users. Firo utilizes advanced cryptographic technologies to ensure that transactions remain confidential and untraceable. The project aims to provide users with a decentralized currency that offers the privacy features of cash in digital form. Firo stands out for its commitment to providing a secure, efficient, and privacy-centric blockchain experience.
Firo employs the Lelantus protocol which allows for greater anonymity by hiding transaction amounts and sender identities. This mechanism provides users with an unparalleled level of privacy.
With a focus on security, Firo employs a Layer-1 privacy mechanism that is robust against various types of attacks, ensuring the integrity of each transaction.
The Firo project is heavily community-oriented with open-source development and community votes on key decisions, allowing users to participate directly in the project's evolution.
Firo was launched in 2016 under the name Zcoin. It gained significant attention for implementing the Zerocoin protocol, which introduced the concept of coin mixing to improve privacy. In 2020, Zcoin rebranded to Firo to better align with its enhanced privacy systems and broader goals. Since its inception, Firo has been a pioneer in the field of cryptocurrency privacy, continuously adapting and evolving its technology to meet the changing needs of the digital world.
Firo's technological backbone is its use of the Lelantus privacy protocol. This cutting-edge technology allows users to burn coins, which can be redeemed later, effectively obscuring their transaction history. Additionally, Firo leverages Dandelion++, a technology that conceals the originating IP address of transactions, providing an additional layer of privacy to users. Firo is built with scalability in mind, allowing it to handle a large number of transactions efficiently without compromising on its core privacy promises.