Details
Daemon
Last Block
1410410
Wallet Version
130000
Daemon Version
141802
Protocol Version
90031
Links
Social
0
Network
0
FIRO Locked
17,668,954 zł
FIRO Locked Value
0
0.00%
Nodes
About
FIRO
Firo: Privacy-Focused Digital Cash
| Launched in 2016 under the name Zcoin, Firo is a privacy-focused cryptocurrency designed to make digital cash truly private. It has played a pioneering role in bringing zero-knowledge cryptography to the cryptocurrency industry, developing innovative privacy protocols such as Zerocoin, Sigma, Lelantus, and its latest advancement, Lelantus Spark. Lelantus Spark: Advancing Financial Privacy Lelantus Spark is the result of years of dedicated research and development by the Firo team. Developed from the ground up, this privacy protocol conceals transaction senders, recipients, and amounts, with the flexibility to support the privacy of asset types as well. Spark features a modular, streamlined architecture designed to simplify security audits and support future improvements. Building on this foundation, Spark Assets enables users to create privacy-preserving tokens within the Firo ecosystem, extending its capabilities beyond private payments. As an open-source, community-driven project, Firo continues to advance scalable, trustless privacy technology while prioritizing financial confidentiality, user control, and freedom. A Hybrid Security Model Firo combines Proof-of-Work (PoW) mining with a masternode network powered by Long-Living Masternode Quorums (LLMQs). This hybrid architecture strengthens network security through features such as ChainLocks and InstantSend, helping provide fast transaction confirmation, strong finality, and greater resilience against 51% attacks. Privacy extends beyond transaction details. Firo also implements Dandelion++, a protocol designed to obscure the originating IP address associated with a transaction during its initial propagation through the network. This provides an additional layer of network-level privacy without requiring users to rely on external services such as Tor or I2P for this purpose. Real-World Blockchain Adoption Firo's technology has also demonstrated practical applications beyond cryptocurrency payments. In 2018, the Firo (then Zcoin) blockchain was used in the Thai Democrat Party's leadership election, where more than 127,000 votes were cast nationwide. The event marked a notable early example of blockchain technology being deployed at scale for a political election. |
| How Does Firo Work? Firo enables private digital payments through several cryptographic technologies designed to reduce the traceability of transactions. One of its key innovations is the Lelantus privacy protocol. 1. Lelantus and Anonymous Transactions Lelantus allows users to burn their coins and subsequently redeem them from a large anonymity set. By breaking the direct link between the original coins and their redeemed value, the protocol makes it significantly more difficult to trace the transaction history. The anonymity set can exceed 65,000, depending on network conditions and usage. The protocol also supports anonymous payments between users by allowing the right to redeem coins to be transferred to another party, helping preserve privacy throughout the payment process. 2. Efficient Cryptographic Proofs Lelantus uses elliptic-curve cryptography (ECC) with 256-bit security parameters to produce relatively compact cryptographic proofs. With proof sizes of approximately 1.5 kB, the protocol is designed to reduce computational and storage overhead compared with less efficient approaches to privacy-preserving transactions. This efficiency helps make Firo's privacy features practical while maintaining strong cryptographic protections. 3. Privacy at Multiple Levels Firo combines transaction-level privacy with network-level protections. Its cryptographic protocols help conceal sensitive payment information, while Dandelion++ helps obscure the source of transactions as they propagate across the network. Together, these technologies support Firo's mission to provide secure, private, and accessible digital cash. |
0
FIRO Network
0
FIRO Locked
17,668,954 zł
FIRO Locked Value
Nodes
24h: —
Current: —
High: —
Low: —
2.7419 zł
Price
-3.42%
Change 24h
275,007 zł
Volume 24h
-21.36%
Change 24h
52,772,580 zł
Market Cap