Privacy Coin Firo Launches ‘Privacy by Default’ Protocol on Mainnet

Privacy Coin Firo Launches ‘Privacy by Default’ Protocol on Mainnet

Lelantus introduces “on-by-default” privacy while also allowing partial redemptions of Firo’s burn-and-redeem model.


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Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network

The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack. Firo Team Clarified the Attack Cannot Be Attributed to a ‘Coding Error’ According to a series of tweets published by Firo, the attacker breached the protocol on January 19, and they are working to restore operations. However, the Firo team clarified that the 51% mining attack is not the result of “a coding error but [the] nature of....

Privacy Coin Firo Currently Experiencing 51% Attack

Users should not make transactions during this time.

Privacy-focused Firo cryptocurrency suffers 51% attack

Over 300 blocks were rolled back in the course of the 51% attack. Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state. We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Note this is not a coding error but a nature of PoW. $XZC....

BeamX Promises to Bring Privacy Capabilities to DeFi

Beam, the crypto project utilizing Mimblewimble privacy tech, has announced the imminent launch of a confidential defi network called BeamX. Almost two years on from its mainnet launch, the privacy coin is moving into the defi sector to enable the creation of dApps that are user-friendly and privacy-centric, citing flaws inherent in the Ethereum ecosystem. […]

Privacy-Enhancing DeFi Solution Panther Protocol Closes $8 Million In Private...

Privacy is a commodity that many cryptocurrency enthusiasts are looking for, yet only a few can achieve it. Making this feature opt-in is not ideal, which is why the demand for privacy-oriented protocols is on the rise.  Panther Protocol aims to provide interoperable privacy to DeFi and raised $8 million to make this come true.  […]