Firo (FIRO) - Latest Market Data

Equity Details

Price & Market Data

Price: $0.961

Daily Change: -$0.075 / 7.81%

Daily Range: $0.949 - $1.15

Market Cap: $16,335,949

Daily Volume: 0

About Firo (FIRO)

Market summary for Firo (X:FIRO). Price: 0.961, daily change: -$0.075 / 7.81%. Market cap: 16,335,949. Performance YTD, 1-month, 3-month.

Details

Rebranded from Zcoin (full info here), Firo is a Proof of Work cryptocurrency using the Lyra2 hashing algorithm. It is an implementation of the Zerocoin protocol (http://zerocoin.org) guaranteeing true financial anonymity using RSA-2048. Zero-Knowledge proofs allow one to show ownership of a Firo coin without having to reveal which coin one owns.Firo uses a PoW-Chainlock hybrid consensus model whereby quorums are formed by several hundred masternodes deterministically selected (LLMQ) that perform a verifiable network-wide measurement/vote of the “first-seen” rule and locks in the block that is first-seen. Blocks are final with a single confirmation as no reorganizations are allowed past this point. This also mitigates 51% mining attacks as more than half the masternode network would need to be compromised to disable Chainlocks before a 51% attack can be mounted. Firo's mining algorithm is MTP which relies on memory hardness to make it resistant to ASICs. It is moving to FiroPOW, a ProgPOW variant that is designed explicitly for GPU mining and is even more resistant to ASICs and FPGAs to encourage fair distribution of its coin.Telegram | Facebook | Youtube | BitcoinTalk | Github | Reddit

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