Firo Announces Mainnet Launch of Subsequent-Technology Privateness Protocol Lelantus Completes Rebrand

SINGAPORE, Nov. 30, 2020 /PRNewswire/ — Today, Firo (FIRO) has introduced the release of the mainnet binaries for Lelantus, as nicely as the completion of its rebrand from Zcoin. The identify Firo was developed as a composite of cash and hearth, and serves as a more true illustration of Lelantus’ offerings: Burn-and-redeem privacy that permits consumers to melt away (or damage) cash of arbitrary quantities — even partial ones — and redeem manufacturer new cash that do not seem to have former transaction histories related with them. This approach supplies unparalleled degrees of useful privacy equivalent to dollars in a simple one-simply click interface. 

Lelantus also presents:

  • “On-by-default” privacy (with decide-out) that puts privacy front-and-center. Now, anytime people acquire funds they’re going to be prompted to anonymize them
  • Greater anonymity sets (65,000 with sliding windows)
  • No mounted denominations, end users are capable to burn up and redeem arbitrary amounts
  • The means to improve quantities without the need of risking privateness
  • Greater ease of use.

“As cryptocurrencies start out turning into mainstream, a single of the biggest remaining hurdles is guarding privacy in particular when community blockchains retailer info forever for all to see,” explained Reuben Yap, Venture Steward of Firo. “Inspite of the pressing need, there are only a handful of blockchain privateness protocols. All those that do exist in deployment these days possibly do not deliver extended-long lasting privacy, need some rely on or depend on experimental math. Lelantus opens the doorway to a new spouse and children of privateness protocols that are trustless, provides superior anonymity and only takes advantage of perfectly-established cryptographic assumptions in its design. We are energized to participate in a part in solving the privacy difficulty of cryptocurrencies and will go on to convey these innovations back to Firo.”

The group behind Firo is just one of the handful of privacy coin assignments that researches and builds its possess know-how, which has resulted in cutting-edge technological improvements that press the frontiers of blockchain privateness. Since its founding in 2016, Firo has pioneered the use of the Zerocoin protocol that became a person of the most utilized on-chain privacy protocols. With Lelantus, Firo’s team of cryptographers and developers system to carry on primary the charge in innovating and utilizing the best technologies.&#13

Lelantus alone will activate on block 336888, which is anticipated to manifest on January 12 or 13, 2021. To learn additional about Firo or get Firo, simply click right here.

About Firo

Firo is a privacy-initial digital currency that enables untraceable transactions and correct money freedom from the prying eyes of significant businesses, financial institutions, and oppressive governments. Firo advocates privateness as a elementary human proper, and allows people to regain command of their revenue. As a primary technologies innovator, Firo intended a basic burn and spend model that strengthens privateness, when creating it extra broadly obtainable. To understand a lot more, take a look at www.firo.org, and stick to us on Github, Twitter or Telegram

Resource Firo