CryptoCoinsRevolution.com: Hashing algorithm ZeroVert

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Bitcoin is often perceived as an anonymous payment network. But in reality, Bitcoin is probably the most transparent payment network in the world. Bitcoin works with an unprecedented level of transparency that most people are not used to dealing with. All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network.

When Satoshi created Bitcoin, he or she solved the double spending problem by broadcasting all transactions on a permanent public ledger. A byproduct of having all transactions placed on a public ledger is that privacy is sacrificed.

Notable studies have shown that the same techniques used to analyze social network topology can be used to analyze Bitcoin's network topology. Anyone can use the public ledger to break privacy, including powerful corporations and institutions such as the NSA. The powers of large corporations and Big Brother have increased dramatically, and it is time to fight for your right to privacy.

ZeroVert (ZER) completely solves the privacy problem of Bitcoin and all preceding cryptocurrencies. It is the first cryptocurrency to implement the Zerocoin protocol, guaranteeing complete anonymity through zero-knowledge cryptographic proofs.

Specifications

  • Algorithm: Scrypt-N, merge-mineable on the VTC chain
  • Total Circulation: 8.4 million ZER
  • Block Time: 10 minutes
  • Block Rewards: 10 coins per block
  • 2% Allocated to ZeroVert Foundation for future development and improvements, .5% for free giveaways
  • Difficulty Re-target Time: Every 6 blocks using BRNDF
  • Tx Fees: .01 ZER
  • Launch Date: November 5th, 2014 (Guy Fawkes Day), 12:00 PM EST.

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Downloads

Desktop Wallets Mobile Wallets 
ZeroVert QT  XC Mobile
Mac OS X  
Linux  

Source Code

GitHub/ZeroVert

Original Whitepaper

Zerocoin: Anonymous Distributed E-Cash from Bitcoin

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