How do Zcoin function
Zcoin functions by the concept of “zero-knowledge proofs.If you want to do any private transaction with Zerocoin, it’s very simple as you just have to select the exact number of coins you intend to mint.
Once you do this, you will notice that your XZC balance will be deducted and the new set of coins is added to your wallet. Regarding your earlier set coins, these are exhausted by the cryptography concept by preventing any person from misusing it, and the details are directly updated into the transaction history. So now you will only have the new coins in your account without any record of past entries.
Presently you can only mint in the denominations of – 1, 10, 25, 50 and 100. If you choose to mint 50 coins, then your account will be credited with 50 new Zcoins, but there will be no record of your earlier transactions.
How to spend it
If you wish to do any transaction with 50 mint coins, then you have to send any denomination under this bracket to anyone being anonymous as there is no record of your earlier transactions.
You can carry out doing transactions with Zcoin, in the same manner, being there no constraints on the number of transactions.