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Firo Announces Mainnet Start of Following-Era Privateness Protocol Lelantus Completes Rebrand

SINGAPORE, Nov. 30, 2020 /PRNewswire/ — Today, Firo (FIRO) has declared the launch of the mainnet binaries for Lelantus, as nicely as the completion of its rebrand from Zcoin. The identify Firo was designed as a composite of money and fire, and serves as a more true representation of Lelantus’ choices: Burn up-and-redeem privacy that allows consumers to melt away (or destroy) cash of arbitrary quantities — even partial ones — and redeem manufacturer new coins that do not seem to have past transaction histories connected with them. This strategy supplies unparalleled ranges of sensible privacy comparable to dollars in a basic a single-simply click interface. 

Firo Logo (PRNewsfoto/Zcoin)

Lelantus also delivers:

  • “On-by-default” privateness (with opt-out) that places privateness entrance-and-middle. Now, when consumers receive money they’re going to be prompted to anonymize them
  • Much larger anonymity sets (65,000 with sliding home windows)
  • No fastened denominations, end users are able to burn and redeem arbitrary quantities
  • The skill to alter amounts with out risking privacy
  • Increased simplicity of use.

“As cryptocurrencies get started turning out to be mainstream, just one of the biggest remaining hurdles is shielding privacy especially when general public blockchains keep info forever for all to see,” reported Reuben Yap, Task Steward of Firo. “Irrespective of the pressing need, there are only a handful of blockchain privateness protocols. These that do exist in deployment these days possibly do not deliver lengthy-long lasting privateness, need some belief or count on experimental math. Lelantus opens the doorway to a new household of privateness protocols that are trustless, provides higher anonymity and only takes advantage of nicely-founded cryptographic assumptions in its construction. We are energized to participate in a element in fixing the privateness difficulty of cryptocurrencies and will continue to carry these improvements back to Firo.”

The staff driving Firo is a person of the few privacy coin jobs that researches and builds its very own technological innovation, which has resulted in slicing-edge technological innovations that drive the frontiers of blockchain privacy. Because its founding in 2016, Firo has pioneered the use of the Zerocoin protocol that turned one particular of the most made use of on-chain privacy protocols. With Lelantus, Firo’s workforce of cryptographers and developers strategy to proceed leading the demand in innovating and implementing the ideal systems.&#13

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

About Firo

Firo is a privateness-first digital forex that permits untraceable transactions and correct fiscal liberty from the prying eyes of big organizations, fiscal establishments, and oppressive governments. Firo advocates privacy as a fundamental human ideal, and allows people to get back command of their revenue. As a primary technological know-how innovator, Firo designed a straightforward burn off and expend design that strengthens privateness, even though building it a lot more broadly accessible. To discover much more, stop by, and abide by us on Github, Twitter or Telegram

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