What Is Zcoin?
Zcoin (XZC) is a cryptocurrency which is focused on anonymous and private transactions. The crypto is the first case in which the Zerocoin protocol has been implemented successfully.
Also, XZC coins are burned before they are used, so the user’s balance cannot be verified in any way. ZCoin recently went through a hard fork, in which their mining algorithm was changed from their previous Lyra2z algorithm to the Merkle Tree Proof, also known as MTP.
The shift was due to ZCoin wanting to distance itself from ASIC mining and the probability of centralization.
Since MTP is a new algorithm used in this technology in general, we will be covering in our article the mining process of ZCoin with this new algorithm.
Hardware Requirements for Mining ZCoin
The new Merkle Tree Proof algorithm is more complex than its predecessor, which as a result increased the hardware requirements needed for mining. This also led to many low-budget miners to give up on investing in a more powerful rig to make the operation…