Monero (XMR) Is Reportedly Ready To Use Zcoin’s Privacy Protocol
Monero has been making headlines a lot this year, and it’s obviously, mostly due to its extremely strong privacy features.
Despite the high volatility of the crypto market, interest in the digital assets has been growing and more crypto enthusiasts have been choosing XMR these days, understanding the huge importance of privacy in the crypto space.
Monero reportedly considers using Zcoin’s privacy protocol
Now, Monero makes headlines in relation to Zcoin.
The online publication Altcoinbuzz noted that Zcoin had some pretty exciting things that they addressed during the Invest: Asia 2019 event.
They also made sure to mention the fact that Monero’s interest in Zcoin’s tech to scale privacy was the most important part of this talk.
It’s been reported that according to COO Reuben, this aims to mix up to 1000 people per traction, the online publication notes.
Zcoin’s technology has been developing at a rapid pace and it is fueling the privacy and performance development of the entire ecosystem.
This year, the developers announced Lelantus which is a next-gen privacy protocol that’s built on from Sigma.
“Lelantus allows users to burn any amount of coins. And later they can then redeem any partial amount. For its impressive performance and privacy, Lelantus is being considered by Monero and Beam,” the online publication notes.
Head over to the original article to check out the exclusive tech updates.
Monero’s current state in the market
Regarding the price of XMR, the coin is trading in the green at the moment of writing this article, and it’s priced above $74.
We’ve reported that more crypto investors are acknowledging that Monero is the “uncrowned king of stealth cryptos”, as Cryptopolitan calls the coin.
This online publication made a comparison between Bitcoin and Monero, and they addressed the advantages regarding the strong privacy that XMR has over BTC.