Rank #457
10,627 people like this
firo  (FIRO)

Firo (FIRO)

$7.50 5.1%
0.00012034 BTC 0.6%
10,627 people like this
$7.09
24H Range
$7.58
Market Cap $93,307,252
24 Hour Trading Vol $10,944,374
Circulating Supply 12,414,667
Total Supply 21,400,000
Max Supply ?
Show Info
Hide Info

FIRO
USD
USD
Firo (FIRO) Price Chart

We're indexing our data. Come back later!

1h
24h
7d
14d
30d
1y
0.2%
5.1%
0.0%
14.5%
-0.9%
87.3%

FIRO Price and Market Stats

FIRO Price $7.47
Market Cap $93,307,252
Market Cap Dominance 0.00%
Trading Volume $10,911,780
Volume / Market Cap 0.1175
24h Low / 24h High $7.09 / $7.58
7d Low / 7d High $6.98 / $8.52
Market Cap Rank #457
All-Time High $139.77 -94.6%
Dec 26, 2017 (almost 4 years)
All-Time Low $0.279591 2593.7%
Dec 02, 2016 (almost 5 years)

Firo Coin Price & Market Data

Firo price today is $7.50 with a 24-hour trading volume of $10,944,374. FIRO price is up 5.1% in the last 24 hours. It has a circulating supply of 12 Million FIRO coins and a total supply of 21.4 Million. If you are looking to buy or sell Firo, Binance is currently the most active exchange.

What is Firo?  

 

Firo - formerly known as Zcoin, is a privacy-focused cryptocurrency that deploys zero-knowledge proofs to ensure fully anonymous transactions. It works by allowing users to destroy coins and then redeem later for brand new ones with no transaction history. 

Firo differs from the other privacy-centric coins in the market in that it does not merely obfuscate payment trails, but rather, works to abolish them. 

Its operation is backed by the Lelantus privacy protocol, which is an upgrade from standard cryptographic assumptions, supporting high anonymity sets without requiring ‘trusted setup’. 

Firo’s operations are also backed by Dandelion++ which conceals the originating IP of transactions, removing the need for external services such as Tor or i2P. 

The Firo/Zcoin blockchain was used in the Thai Democrat Party Elections in 2018 to elect its party leader with over 127,000+ votes cast nationwide making it the first wide-scale application of blockchain technology in a political election.

How does Firo work? 

Firo enables untraceable anonymous payments based on four main technological foundations. 

i.) Its self-researched Lelantus privacy protocol allows you to burn your coins, which hides them in an anonymity set of over 65,000. Thereafter, the receiver can redeem it from this anonymity pool, which breaks the links from your transactions and all the previous ones it has been through. This protocol also supports untraceable direct anonymous payments by allowing people to pass the right to redeem to someone else. 

ii.) Lelantus technology is also equipped with 256 bit ECC curves for proof sizes of just 1.5kB, which poses as a 17x improvement compared to standard cryptographic approach. So, it is relatively less resource-intensive and time consuming compared to other privacy coins. 

iii.) Dandelion++ technology works to obscure the originating IP of transactions. Before Firo transactions are broadcast to the network, they’re randomized between nodes, which then decorrelates the link between the origin of the broadcast and the originating IP address.

iv.) Firo’s own Proof-of-Work, known as Merkle Tree Proof (MTP), provides fast verification that ensures a low barrier to entry for miners. Firo’s blockchain is also further secured with LLMQ ChainLocks which protects it against 51% mining attacks

Why was Firo created? 

Firo was created to increase individual liberty and to provide freedom of commerce. In standard blockchains that only offer pseudo-anonymity, it is the links between addresses that can expose private information about you. Firo aims to solve this problem by aiming to provide the strongest level of anonymity without foregoing usability and requiring trust.

How do I get FIRO? 

You can obtain FIRO by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.

Besides purchasing Firo tokens through exchanges, it is possible to earn newly minted Firo by running a masternode. Or alternatively, Firo can also be mined by CPUs and GPUs.

Further, STFIRO allows users to earn FIRO through stakingFiro tokens on StakeHound. 
 

Firo News & Guides

Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
coingecko (thumbnail mini)
CoinGecko for iOS
coingecko (thumbnail mini)
CoinGecko for Android