One of the main advantages of cryptocurrency is the private control of your funds. Transactions are anonymous and verified via a distributed ledger based on blockchain technology.
Firo aims to be a leader in privacy protocols for сrypto and offers users cutting-edge private cryptocurrency transactions. Firo promotes financial privacy as a human right and users having complete control of their transactions. Let’s look at what Firo is all about and why some people consider it for their portfolio.
FIRO is a cryptocurrency that puts a focus on privacy. As a result, users can make untraceable transactions and be free from corporate or governmental control. Firo uses innovative privacy protocols and zero-knowledge cryptography. In 2021, the project introduced an improved transaction protocol called Lelantus. Lelantus replaces the previous Sigma protocol and allows users to “burn” their coins and redeem them for new ones. By doing so, any transaction history is removed between blocks while creating new blocks.
Moreover, Firo is the first Crypto to use Dandelion++, software that prevents other users from linking an IP address to any transitions.
The creation of Zerocoin, which later became Firo, was started in late 2014 by the founder Poramin Insom. During his time at Johns Hopkins University, Insom wrote a white paper on the Zerocoin protocol application.
By 2016, Insom launched Zerocoin, and shortly after, Reuben Yap joined the team. Yap is now the project steward and co-founder under the Firo rebranding, which took place in 2020.
Around this time, Firo added a digital wallet supported by the Binance exchange. And by August 2021, Firo launched its new Lelantus protocol, adding on to previous systems. Additionally, Firo applied ChainLocks to its blockchain to combat cyber-attacks that occurred earlier in 2021.
Firo is aiming to be a next-generation cryptocurrency with some of the most advanced privacy protocols in the Crypto World. They offer an improved way to transact cryptocurrency securely and anonymously. If you want to purchase FIRO, you can do it by following these simple steps: