1. Project introduction

Firo, formerly Zcoin, is a digital currency with a focus on setting privacy standards. Its use case is that of a currency enabling private payments and other financial transactions.

Firo applies various technology as followings:

(1) Lelantus Technology

Lelantus is a next-generation privacy protocol developed by Aram Jivanyan at Firo. Lelantus allows you to burn your coins, which hides them in an anonymity set of over 65,000. The receiver can redeem it from this anonymity pool, which breaks the links from your transaction and all the previous ones it has been through.

(2) Sigma Technology

The team believes the whole purpose of blockchain is to build systems that do not require trust, and that same principle applies to the privacy system of Firo. Sigma uses 256 bit ECC curves for proof sizes of just 1.5 kB - a 17x improvement on then-current technology. Sigma was a precursor to Lelantus, and set many stepping stones.

(3) Dandelion Technology

Dandelion++ protects users’ IP addresses. Before Firo transactions are broadcast to the whole network, they’re shuffled between nodes a random number of steps. This way, the origin of the broadcast is decorrelated from users’ IP addresses.

(4) Decentralized and fair security

Firo’s Merkle Tree Proof (MTP) mining algorithm further strengthens the practical anonymity of transactions. MTP is memory-intensive, preventing miner centralization. Nodes, however, can bypass this memory requirement.

2. Team introduction

Co-Founder: Poramin Insom

Linkedin: https://www.linkedin.com/in/poramin/

Co-Founder: Reuben Yap

Linkedin: https://www.linkedin.com/in/reuben-yap/

3. Investment institution

Roger Ver, Myriad Capital Management

4. Application

Total supply: 21,400,000

Firo will be used as fees to do transactions on a tokenization layer called Elysium which will allow users to utilize Firo's privacy features in their own token.