Firo - formerly known as Zcoin, is a privacy-focused cryptocurrency that deploys zero-knowledge proofs to ensure fully anonymous transactions. It works by allowing users to destroy coins and then redeem later for brand new ones with no transaction history.
Firo differs from the other privacy-centric coins in the market in that it does not merely obfuscate payment trails, but rather, works to abolish them.
Its operation is backed by the Lelantus privacy protocol, which is an upgrade from standard cryptographic assumptions, supporting high anonymity sets without requiring ‘trusted setup’.
Firo’s operations are also backed by Dandelion++ which conceals the originating IP of transactions, removing the need for external services such as Tor or i2P.
The Firo/Zcoin blockchain was used in the Thai Democrat Party Elections in 2018 to elect its party leader with over 127,000+ votes cast nationwide making it the first wide-scale application of blockchain technology in a political election.
Where is Firo available for purchase?
You can exchange FIRO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Firo is MEXC, notably the FIRO/USDT pair, which saw a trading volume of $ 71,047 in the past day. Additionally, AscendEX (BitMax) and CoinEx are popular alternatives for trading tokens.
What is the highest value Firo (FIRO) has ever reached?
Firo (FIRO) reached its peak price at 139.77 $ on 26 December 2017, approximately 8 years ago ago. Presently, the current price is -99.52% lower than this all-time high.
What is the historical minimum price for Firo (FIRO)?
The minimum price reached for Firo (FIRO) was 0.2795 $, documented on 02 December 2016, more than 9 years ago. In comparison, the current price is 138.12%, it above this historical low.
What is the fully diluted valuation of Firo (FIRO)?
The fully diluted valuation (FDV) of Firo (FIRO) stands at $ 11,87 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 21,400,000 FIRO tokens. The realization of this FDV might take several years depending on the emission schedule of FIRO tokens.