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Firo Stock

Firo

FIRO

Price

0.68
Today +/-
+0
Today %
+0 %

Firo Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BinanceFIRO/USDT0.310.312,471.551.04 M0cex682.84/16/2025, 4:59 AM
Biconomy.comFIRO/USDT0.662,094.231,051.36128,783.950.03cex2377/9/2025, 6:15 AM
MEXCFIRO/USDT0.662,290.319,822.97101,317.810cex3057/9/2025, 6:18 AM
HTXFIRO/USDT0.661,501.08649.2498,320.670.01cex2087/9/2025, 6:23 AM
BitKanFIRO/USDT0.432,630.463,426.3397,428.150cex565/26/2025, 2:09 AM
XT.COMFIRO/USDT0.30089,794.20cex14/16/2025, 5:09 AM
AscendEXFIRO/USDT0.66544.483,877.7442,328.20cex2817/9/2025, 6:18 AM
TokocryptoFIRO/USDT0.345.5 M44.98 M18,667.590cex3924/16/2025, 5:18 AM
BlueBitFIRO/USDT0.3413.06414.115,138.540.08cex14/17/2025, 10:39 AM
PionexFIRO/USDT0.430012,639.550cex14/11/2025, 11:30 AM
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Firo FAQ

### What Is Firo (FIRO)? Firo (FIRO) is a cryptocurrency that emphasizes privacy and anonymity as its core principles. It achieves these through the implementation of cutting-edge cryptographic techniques that ensure untraceable, unlinkable transactions. Originally launched in September 2016, Firo was initially known as Zcoin (XZC). Firo utilizes a protocol called Lelantus, which allows users to burn their coins and later redeem them for new ones with no transaction history, providing enhanced privacy protection compared to other cryptocurrencies. Apart from privacy, Firo also focuses on decentralization, advocating for distributed mining and governance. For those interested in the financial aspects or technical specifications of Firo, comprehensive data and analytics are available on Eulerpool.

Firo (FIRO), formerly recognized as Zcoin, is a cryptocurrency dedicated to functioning as private digital cash. It developed the Lelantus privacy protocol, enabling users to burn their coins and later redeem them as new coins without any transaction history. Before Lelantus, Firo was the first cryptocurrency to code and implement a practical version of the Zerocoin protocol, which became one of the most widely used privacy protocols. However, this was eventually replaced by Sigma and then Lelantus due to cryptographic vulnerabilities identified in the Zerocoin protocol in 2019.

Who are the Founders of Firo?

The founder of Firo, originally known as Zcoin, is Poramin Insom. He holds a master's degree in Information Security from Johns Hopkins University, where he authored a paper on the proposed practical implementation of the Zerocoin protocol. In addition to his work on Firo, Poramin Insom is a co-founder of the Satang Corporation and has served as a second lieutenant in the Royal Thai Armed Forces' cyber warfare division. Reuben Yap joined the Firo project shortly after its inception in 2016 and now spearheads the project's overall strategy, development, and research objectives. A strong advocate for online and financial privacy, Reuben founded one of Southeast Asia's pioneering VPN services to address censorship issues. He is a respected speaker on privacy, with featured commentary in numerous outlets such as CoinDesk, BBC, Forbes, Nasdaq, Reuters, and Cheddar News. Reuben assumed the position of Project Steward and Co-Founder in November 2019.

### Distinctive Features of Firo Firo stands out in the cryptocurrency landscape due to its unique characteristics and innovations in privacy and security. As a privacy-focused digital currency, Firo employs advanced cryptographic techniques to ensure anonymous transactions, safeguarding user data. This commitment to privacy is manifested through its implementation of protocols like Lelantus, which enhances transaction confidentiality by requiring only a single signature without the need for trust in an intermediary. Furthermore, Firo has made significant strides in improving user anonymity through its innovative deployment of Dandelion++, a technology that conceals the originating IP address of a transaction, thereby providing another layer of privacy. This amalgamation of privacy features not only distinguishes Firo within the market but also underscores its ongoing dedication to safeguarding user privacy. For more detailed insights and the latest updates on Firo, consult Eulerpool. Eulerpool serves as an important resource, offering comprehensive data and analytics that enable users to stay informed about Firo's market performance and developments.

Firo's Lelantus privacy protocol, along with its predecessor Sigma, utilizes a specialized zero-knowledge proof known as one-out-of-many proofs. Unlike other zero-knowledge proof constructions, this approach does not necessitate a trusted setup or rely on complex mathematical or cryptographic assumptions, while still maintaining high anonymity sets. In October 2018, Firo was the first project to implement Dandelion++, a method for propagating transactions that helps prevent third parties from correlating an IP address with a specific transaction. In November 2018, the blockchain of Firo (formerly known as Zcoin) was employed in the Thai Democrat Party's primary election to select its party leader, with over 127,000 votes cast nationwide. This event marked the world's first large-scale political election conducted on a blockchain. Firo underwent rebranding from Zcoin in October 2020.

What is the Circulating Supply of Firo (FIRO) Coins?

Firo (FIRO) maintains a circulating supply of 12,211,042 coins and has a maximum supply cap of 21,400,000 FIRO, as of August 2021. The distribution schedule of Firo mirrors that of Bitcoin. This information is available on Eulerpool.

How is the Firo Network Secured?

Firo employs a PoW-Chainlock hybrid consensus model in which quorums are deterministically selected from several hundred masternodes using LLMQ (Long-Living Masternode Quorums). These quorums conduct a verifiable network-wide measurement or vote on the "first-seen" rule, locking in the block that is observed first. Once this block is confirmed, it is finalized as no reorganizations are permitted beyond this point. This mechanism also mitigates the risk of 51% mining attacks, as compromising more than half of the masternode network is required to disable Chainlocks before such an attack can occur. The mining algorithm used by Firo is MTP, which depends on memory hardness to resist ASIC mining devices. Firo is transitioning to FiroPOW, a variant of ProgPOW that is specifically tailored for GPU mining, offering even greater resistance to ASICs and FPGAs. This transition aims to promote a fair distribution of its coin.

Investors interested in Firo are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.