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Zoin Coin logotype

Zoin Coin

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Ecosystem

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Zoin Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Zoin Coin consists of three chapters: origin, technology and pros & cons.

Origin

Zoin Coin is a decentralized cryptocurrency that offers privacy and anonymity attributes to its users. The coin debuted in the cryptocurrency world on 5 November 2016. It started as a project to fix the privacy aspect of Bitcoin.

The community can play a significant role in the further development of Zoin Coin. The reason for this goes back to the coin’s history. The coin’s developers abandoned the project. But the community members contributed their time, effort and knowledge to develop the cryptocurrency further. Moreover, the future decisions will also be community driven. People from diverse backgrounds are able to influence the future of Zoin Coin via voting through an official wallet.

Technology

The coin follows the Zerocoin protocol. The new zerocash technology allows it to make direct anonymous payments between parties.

The developers of Zoin Coin have a very broad and unique goal for this unique crypto currency. They want to use the coin not just for speculative purposes but also for daily transactions. Therefore, they plan to develop an all-encompassing wallet – one that combines the markets, exchanges, communities, and security. The icing on the cake is that all these features will be combined in an untraceable way to assure the privacy for buyers and sellers both.

Pros

  • The master minds behind the Zoin Coin have ambitious plans for its future. This adds to the tradability and investment friendliness of this virtual currency.
  • The economic model i.e. the Zoin foundation takes care of the funds needed for development of this unique crypto currency.
  • The online based voting system makes a very democratic environment possible for future decisions.
  • Zoin Coin will soon be added to more exchanges.
  • You can mine Zoin Coin using CPU only. Therefore, a standard PC is enough to be able to invest in and mine this cryptocurrency.

Cons

  • The community based aspect despite being powerful poses risks of its own kind. Time will tell how beneficial it proves for the performance of Zoin Coin.

It seems to be a promising digital currency due to its ambitious plans, tradability, and investment friendliness. However, the community based aspect of the coin needs to prove itself yet.

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If you have concluded that this is the coin for you, congratulations! Find an exchange to buy it here.

Zoin Coin compared with other cryptocurrencies
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