The Renos Zerocoin Protocol Evolutionhttps://steemit.com/cryptocurrency/@renoscoin/the-renos-zerocoin-protocol-evolutionWhen conducting a cryptocurrency transaction, do you weigh privacy with the same regard as security? Everyone involved with Renos sure does. We believe privacy is a valid extension of one’s personal security, and also a key aspect towards securing the decentralized nature of projects like Renos.
Many crypto based projects have struggled with true privacy. Bitcoin users have long since made use of centralized, third-party coin mixers, achieving less than optimal results. Technology such as zkSNARKs and Ring Signatures provide more effective privacy, but leave their respective crypto projects unable to account for the possibility of an exploit where bad actors may counterfeit the coin supply.
Of course, there are other approaches to privacy that come with a myriad of additional challenges. But for the sake of brevity, know that Renos insists on offering superior privacy, while leaving our coin supply auditable. It’s truly the best of both worlds.
Sure, private, digital transactions have long been a challenge to figure out, but thankfully researchers behind the Zerocoin Protocol have provided cryptocurrencies with a brilliant means to ensure transaction privacy and user anonymity. This is why we have begun the process of implementing a Zero-Knowledge-Proof based privacy upgrade that will soon incorporate the Zerocoin Protocol. See, we want to ensure that every RNS transaction can be optionally private, giving you control over determining who views your transactions.
Our use of Zerocoin comes after much thought on privacy issues. We don’t want to JUST give you some privacy, we want to harness the absolute best options available at this very moment in time. We believe integrating the Zerocoin Protocol is the best way to achieve this goal.
