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reubenyap committed Jan 4, 2021
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Expand Up @@ -13,13 +13,17 @@ Firo
What is Firo?
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[Firo](https://firo.org) is a privacy focused cryptocurrency that utilizes zero-knowledge proofs which allows users to destroy coins and then redeem them later for brand new ones with no transaction history. It was the first project to implement the Zerocoin protocol and has now transitioned to the [Sigma protocol](https://firo.org/2019/03/20/what-is-sigma.html) which has no trusted setup and small proof sizes. Firo also utilises [Dandelion++](https://arxiv.org/abs/1805.11060) to obscure the originating IP of transactions without relying on any external services such as Tor/i2P.
[Firo](https://firo.org) formerly known as Zcoin, is a privacy focused cryptocurrency that utilizes zero-knowledge proofs which allows users to destroy coins and then redeem them later for brand new ones with no transaction history.

Firo developed and utilizes [Merkle Tree Proofs (MTP)](https://arxiv.org/pdf/1606.03588.pdf) as its Proof-of-Work algorithm which aims to be memory hard with fast verification.
Our research created the [Lelantus privacy protocol](https://eprint.iacr.org/2019/373) which supports high anonymity sets without requiring trusted setup and relying only on standard cryptographic assumptions. The Lelantus cryptographic library was audited by [Trail of Bits](https://github.com/trailofbits/publications/blob/master/reviews/zcoin-lelantus-summary.pdf) and funded by Firo's CCS. Lelantus' cryptography was also audited by [ABDK Consulting](https://www.abdk.consulting/).

Firo also utilises [Dandelion++](https://arxiv.org/abs/1805.11060) to obscure the originating IP of transactions without relying on any external services such as Tor/i2P.

Firo developed and utilizes [Merkle Tree Proofs (MTP)](https://arxiv.org/pdf/1606.03588.pdf) as its Proof-of-Work algorithm which aims to be memory hard with fast verification to encourage mining using commodity hardware.

How Firo’s Privacy Technology Compares to the Competition
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![A comparison chart of Firo’s solutions with other leading privacy technologies can be found below](https://firo.org/guide/assets/privacy-technology-comparison/comparison-table-coloured.png)
![A comparison chart of Firo’s solutions with other leading privacy technologies can be found below](https://firo.org/guide/assets/privacy-technology-comparison/comparison-table-firo-updated.png)
read more https://firo.org/guide/privacy-technology-comparison.html

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