Firo (formerly known as ZCoin or XZC) was officially launched on September 1, 2016, with an initial price of $0.3677 and a maximum supply of 21,400,000 coins. This privacy-focused encryption currency was originally designed based on the Zerocoin protocol, aiming to ensure that the address information of both parties in a transaction remains confidential through zero-knowledge proofs.

Firo is the first cryptocurrency to implement the Zerocoin protocol. This technology addresses the flaws in the early currency mixing and ring signature anonymization processes, completely severing the link between coin minting and redemption. In short, after minting with Firo, users can destroy a zero coin and generate a certificate to prove the destruction without specifying the exact type of coin destroyed. This process allows users to obtain completely history-free new coins, significantly enhancing anonymity.

The block generation time of Firo is the same as Bitcoin, which is 10 minutes, and the halving cycle also occurs once every four years. The most recent halving took place in September 2020, and the current reward per block is 6.25 Firo.

In terms of security, Firo uses RSA-2048 parameters, which were generated from a computer that has been destroyed for 25 years. To this day, no one has been able to successfully crack this encryption parameter. To further enhance security in the future, the development team plans to transition to a trustless encryption scheme, which is also part of their efforts to strengthen privacy protection.

Compared to other encryption methods, Firo's traceability metrics have significantly improved. Unlike early mixing or ring signature schemes that could not achieve complete anonymity, Firo inputs all its minted coins into a large pool, gradually expanding the scale of the transaction traceability set, breaking through the previous limitation of a few hundred. This method enhances its anonymity performance and reduces the risk of privacy breaches through network topology analysis.

Through Firo's minting and withdrawal technology, users are able to convert a coin into a hidden form in public records. When withdrawing minted coins, users do not need to disclose who minted it, and this process can be repeated infinitely, further ensuring transaction privacy.

This cryptocurrency strives to provide users with a more secure trading experience through innovative technology and continuous system upgrades. It is worth noting that any investment-related decision should be made by obtaining the latest information from authoritative sources and carefully assessing risks. This article does not constitute investment advice, and investors should make their own judgment.