Who YOU are
I am Reuben Yap, a practicing lawyer and am a partner of a law firm. I mainly do corporate law and government advisories. I also run a VPN company called BolehVPN so have been a big advocate of privacy technologies for the past ten years.
I have been involved in cryptocurrencies since 2013 and have made successful investments in Dash and NEM along with contributing to their respective communities with guides and even merchandise.
I am Zcoin’s community and communications manager although I am a bit of a Swiss army knife and do whatever that needs doing that doesn’t involve coding. I also help to coordinate the team and keep everyone communicating. I have been involved in Zcoin since October 2016 a mere month after its launch.
The vision of the company
Zcoin aims to solve two main issues of Bitcoin namely privacy and fungibility and the growing threat of miner centralization.
We also strongly believe in the pursuit and continuous development of privacy and decentralization technologies such as decentralized markets and trustless exchanges.
The purpose of the technology and the problem it aims to solve
Our main innovations are being the first coin to successfully implement Zerocoin and also to have a working implementation of MTP a radically new proof of work algorithm that can make mining very memory hard while remaining lightweight to verify.
Zerocoin provides a decentralized trustless laundry so that people can wipe off a coin’s transaction history by doing a Zerocoin mint and spend.
MTP was designed to be an improvement over Equihash by allowing huge amounts of RAM to be used in mining thus stifling ASIC creation. By design it was meant to even scale up to 10 gb while remaining very fast and lightweight to verify meaning nodes only need very low specs to verify the transaction despite it being memory hard.
MTP is currently running on our testnet but academic research is ongoing on ways to improve it.
And any more context you can provide so people can be informed in their questioning.
We are not a Zcash clone in any way! We use totally different technologies. Zerocoin was a predecessor to Zerocash which enjoys certain advantages over Zerocash including most importantly supply auditability, a much shorter time to generate private transactions (thus increasing its use) and using proven cryptography that is used industry wide. You can read more here. We are also exploring the best way to remove trusted setup which appears to be possible using the Sigma protocol.
You can also read more on how our technology compares to other major privacy cryptocurrencies in this post.
Zcoin is not without its ups and downs and we have went through a hack that allowed 388k coins to be generated (and ironically could only be detected because of supply audittability) and a problematic co-founder that is now no longer with us. We’ve since grown from strength to strength and are now bolstered with a strong and motivated team with renewed vigor.
We are releasing our Bitcoin core upgrade to 0.13.2 soon which greatly improves our user experience.
I would be happy to answer any questions you may have on Zcoin