How Zerocoin Works in 5 Minutes by pivx

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cryptocurrency · @pivx · Jun 13 '18

$1.02

How Zerocoin Works in 5 Minutes

### Fellow PIVian Turtleflax wrote a great article titled "How Zerocoin Works in 5 Minutes".

As the title suggests it's a quick read and it will explain Zerocoin in a simple manner without leaving out too much of the technicalities.

![1*9pLpsHvIktg1PJAx0DPt6Q.jpeg](https://cdn.steemitimages.com/DQma72YuQTKZpgRkQFA3Agxb5gYgUcyQKqvwTJzCs1D2jWZ/1*9pLpsHvIktg1PJAx0DPt6Q.jpeg)

The article breaks the process down for you in three simple steps:

- Step 1 - The mint
- Step 2 - Time passes
- Step 3 - The spend

And the article explains some exclusive PIVX Zerocoin features like:

- zPoS
- dzPIV
- ezPIV
- Automint
- The Smallest Spend Sizes
- The First to Allow Fractional Spends
- The First to Spend to 3rd Parties

### If you want know how Zerocoin works and you have 5 minutes <a href="https://medium.com/@turtleflaxpivx/how-zerocoin-works-in-5-minutes-a88d0144fff0">click here to read the article</a>.

------------------  

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To ALL PIVX community members, feel free to RESTEEM this article! Let’s keep spreading the word of our amazing community focused privacy centric global cryptocurrency.  

Keep it purple people!

👍 jonnyrevolution, pivx, joechiappetta, davidellison, bitbarrie, cryptosi, denisechips, willybobob, jdh7190, lukechiappetta, zukka, thetimminator, nelizaldet, valderrama, faraicelebr8, bitcoinandcoffee, ckcryptoinvest, chris1984, elirosgu, dizzy4u, ecks, a2yhdl99, javiajero, dariooo, nazareth2, samierue, cruzcheng675, ozombie, habibx, sarahid, jdnlla, belizer, elrabosom, chrisatve, arijsg, avilamarielena, milagrengut, yeesypeasy, rhr91840, evermore-crypto, dikelito, ludji, brandneweyes, timileyin988, aluxcode, steemornot, cameralucidaio, pivx.espanol

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@elektr1ker · Jun 14 '18

$0.03

Good and short explanation, but I still have a question: Will the zPIVX I send to someone else show up everytime as PIVX in there history or can I change that?

I know that it is impossible to trace that transaction back to me, but if someone can see that an account gets money out of nowhere it is pretty self explanatory that this account has incomming private transactions and with the amount you are sending an identification should be possible (over invoices for example).

👍 pivx

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@evermore-crypto · Jun 17 '18

$0.03

Awesome tech, great explanation :)

👍 pivx, evermore-crypto

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@faraicelebr8 · Jun 14 '18

$0.85

My fav quote from the article:
> PIVX is not most Zerocoin implementations. PIVX is the only coin to offer one-time seed backups with a feature called dzPIV (deterministic zPIV).

👍 brandonfrye, pivx

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@ludji · Jun 13 '18

$0.02

Resteemed, keep up the good work people !

👍 pivx

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