What is Firo (FIRO) Coin
Firo (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.
Prior to Lelantus, it was also the first cryptocurrency to code and launch a practical implementation of the Zerocoin protocol which became one of the most prevalent privacy protocols in use, prior to it being replaced by Sigma and then Lelantus after cryptographic flaws were discovered in the Zerocoin protocol in 2019.
- Firo (FIRO) is one of the earliest privacy coins, created by Poramin Insom and his team. It launched in September 2016 (under the name Zcoin, with the token ticker being XZC).
- At the beginning, Firo was the first cryptocurrency implementing the Zerocoin protocol designed by Matthew Green in 2013.
- Firo is based on Bitcoin’s source-code, with a GPU-friendly ASIC-resistant algorithm (Merkle Tree Function since 2018). Its total maximum supply is 21.4 million and block rewards are halved every four years.
- Firo has activated its Lelantus privacy protocol on January 12 2021, which increases the anonymity set and hides change amounts while protecting transactional privacy without requiring a trusted setup. Lelantus is the result of Firo’s research team and its innovations are also being used in other privacy projects such as Beam (Lelantus-MW) and Monero (Triptych).
- Firo’s blockchain was used to run the Thailand Democrat Party primary elections in 2018 where over 127,000+ votes were cast on its blockchain making it the first wide scale use of blockchain in a political election.
How To Buy Firo (FIRO) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Firo coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Firo coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Firo (FIRO) Coin
Firo (FIRO) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Firo (FIRO) Coin Review
You can learn more about Firo (FIRO) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://firo.org/ Github https://github.com/firoorg/firo Telegram https://t.me/firoproject Youtube https://www.youtube.com/c/firoorg